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The phrase "and its management" is correct and usable in written English.
It can be used when referring to the administration or oversight of a particular subject, organization, or system.
Example: "The company is focused on improving its operations and its management to enhance overall efficiency."
Alternatives: "and the administration" or "and the oversight".
Exact(60)
"We started this process in December at $26 per share and its management then rejected it.
It was those who trusted the company and its management who were left holding the bag.
It's raised $140 million from Accel-KKR and its management team.
It also has been very critical of Time Warner Cable and its management.
It addresses the diversity of issues associated with aging and its management.
Its shareholders should be wiped out, and its management replaced.
Have its recent repertories and its management been emulated elsewhere?
But the framing of the issue and its management matters.
And its management strategy finds defenders among foreign shareholders.
A London listing will subject the bank – and its management – to tougher scrutiny.
Upside Media, publisher of Upside magazine, revamped its business and its management.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com