Description
Book SynopsisGiven the past decade of abuse of shareholder rights, corporate governance is essential for Russia's future. In this comprehensive volume, an international group of contributors - academics, corporate executives, government officials, policymakers, specialists from nongovernmental organizations, and legal experts - examine the crucial role of corporate governance as well as the external institutions and forces that affect it.
Offering coverage from numerous perspectives, the contributors explore external and institutional influences on corporate governance, its workings within corporations, and the relationships between boards of directors, managers, shareholders, and the government. Case studies of three major companies illustrate the challenges and opportunities involved in creating sound practices. The concluding section provides a summary of the current situation and discusses implications for the future of Russia's corporate governance.
A valuable source of information, Corporate Governance in Russia is a must-read for business people, government officials, academic researchers, students, and all those interested in Russia and what the future holds.
Trade Review'. . . the book can certainly be recommended as a detailed and often insightful account of the subject under review. . .' -- Vincent Barnett, Journal of Economic Issues
'The editors have really done an admirable job venturing into this highly complex topic and bringing together a considerable number of interesting voices and contributions. The present volume can be considered a cornerstone in the field. It definitely will make its way as a fascinating tour d'horizon
of a key topic in one of the world economy's key countries.' -- Thomas Steger, Journal for East European Management Studies
Table of ContentsContents: PART I: THE POLITICAL, ECONOMIC, AND CULTURAL CONTEXT OF CORPORATE GOVERNANCE 1. The Emergence of Corporate Governance in Russia Sheila M. Puffer and Daniel J. McCarthy 2. Corporate Governance in Russia: A Framework for Analysis Daniel J. McCarthy and Sheila M. Puffer 3. View From the Duma: An Interview with Sergey Generalov Sergey Generalov and Stanislav V. Shekshnia 4. Troika Dialog’s Ruben Vardanian on Corporate Governance and Attracting Investment Sheila M. Puffer, Stanislav V. Shekshnia and Daniel J. McCarthy 5. Changes and Challenges in Regulating Corporate Governance Igor V. Kostikov and Igor V. Belikov 6. Corporate Governance in a Cultural Context Anatoly V. Zhuplev and Vladimir Shein PART II: IMPLEMENTING CORPORATE GOVERNANCE IN RUSSIAN CORPORATIONS 7. Corporate Governance and Business Education Abel G. Aganbegyan 8. A Strategic Approach to Improving Corporate Governance Ruth C. May 9. The Role of Nongovernmental Organizations in Developing Corporate Governance Practices James Gillies, Rein Peterson and Alina Pekarsky 10. Private Enterprise Owners and Corporate Governance Andrey Mikhaylenko 11. Roles, Responsibilities, and Independence of Boards of Directors Stanislav V. Shekshnia 12. Challenges of Implementing Transparency and International Accounting Standards Alexey Zheltov 13. The Impact of Information Technologies on Corporate Governance Nikolai Ermochkine 14. Privatization: Buy-outs, Corporate Governance Abuses, and Challenges Mike Wright, Trevor Buck and Igor Filatotchev PART III: COMPANY CASES 15. VimpelCom: From Start-up to the New York Stock Exchange Stanislav V. Shekshnia and Augie K. Fabela II 16. Ilim Pulp Battles a Hostile Takeover Daniel J. McCarthy and Sheila M. Puffer 17. Yukos and Mikhail Khodorkovsky: An Unfolding Drama Bruce W. Bean PART IV: THE FUTURE OF CORPORATE GOVERNANCE IN RUSSIA 18. Russia’s Corporate Governance Scorecard in the Enron Era Daniel J. McCarthy and Sheila M. Puffer 19. Corporate Governance: Is There a Village Behind the Facade? Richard N. Dean 20. Corporate Governance in Russia: Towards a European, US, or Russian Model? Daniel J. McCarthy and Sheila M. Puffer Index
