The role and opportunities of human capital assessment in the corporate governance system

The development of links between the subjects of economic relations was accompanied by the formation of national markets for goods and services, as well as changes in the structure of labour relations, which, in the context of the development of globalisation, division of labour and the formation of the knowledge economy, set higher rates of labour migration and the need to develop the competencies, abilities and experience of employees and, as a consequence, the human capital of the firm. The purpose of this article is to define the essence of human capital in the structure of corporate governance and to identify the possibilities of assessing this factor of business activity. Based on the results of theoretical analysis of the provisions of the main scientific schools of management theory concerning human capital, it was concluded that, regardless of the management model, human capital is of special value for business. Within the framework of the practical part, attention was drawn to the methodology of determining the efficiency of human capital utilisation based on the calculation of the integral assessment of human capital. Various general scientific practices were used to obtain the given results, among which abstraction, comparison, analysis and synthesis stand out. The information base of the study is made up of research materials, which include publications authored by representatives of various scientific schools, as well as studies of practitioners in the field of corporate governance.