This book explores discussions and practice around corporate governance
in Russia from the early 1990s until 2018. It covers three major aspects
of corporate governance theory and practice: a vision of corporate
governance in Russia in the context of global trends and challenges, the
general perception of corporate governance in Russia, and the real
nature of Russia's corporate community from the viewpoint of its
corporate governance practices.
It provides a unique complex analysis and detailed description of how
corporate governance has been perceived by both Russian regulators and
the business community, and how it has been applied in Russian
companies. This analysis covers the period of over 25 years: from early
attempts at directing transfer and implanting the Western model of
corporate governance to the nascent Russian big private business, up to
the period of resurgence of the state as the dominant player both in
Russian society and its economy at large. It gives an understanding of
what corporate governance is in Russia in the days of "sovereign
democracy" and confrontation with the West.
It explains how cultural, political, economic and institutional factors
have shaped corporate governance in Russia. The authors provide insights
into such aspects of Russian corporate governance framework and
practices as regulatory philosophy and enforcement, ownership structure,
the role of the state, the impact of unfriendly domestic business
climate, how the value of corporate governance is perceived in Russian
context, etc.
Predominantly, the book paints an interesting picture of how the
"sovereign corporate governance" model has been shaped in Russia.
This book will be useful not just for experts in corporate governance
and investors, but also for those who have an interest in modern Russia
at large.
