Search results for ""Author Sheila M. Puffer""

The momentous changes in Russia over the past five years have been a rich source for the study and practice of management. Based on interviews and empirical data collected directly from Russian managers, Business and Management in Russia has been written to provide an understanding of Russian management and business as the country takes the first steps towards a market economy.Drawing on five years' collaborative research between Russian and Western management scholars, this major book presents an extensive set of authoritative papers and illustrated case studies. After examining the traditional mindset of the Russian manager, placing managerial traits in historical context and discussing both the position of women managers and the role of management education, the authors focus on the transition period itself, the evolving conditions facing state-owned and private enterprises and the responses of managers. Adopting a Western perspective, the volume concludes with a survey of manufacturing joint ventures, discussion of human resource issues and a comparative analysis of business ethics.Intended for students, scholars and managers, Business and Management in Russia provides in-depth analyses of Russian culture and history, as they affect managers, and survey results on current managerial attitudes and practice. While focusing on managers and enterprises, the volume also addresses macroeconomic, political, legal and social issues as a context for understanding managerial behaviour.

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Despite increasing attention towards Russias economy and capital market, corporate governance norms of Russian public firms are rarely analyzed. This project presents and interprets evidence regarding various governance practices followed by Russian firms covering almost the entire period of the existence of the Russian stock market. Its findings run counter to some widely held beliefs according to which Russia is a country with high resistance to corporate innovations due to socialist imprints. Part one of this two-volume study focuses on the role that boards of directors play in reducing intra-corporate agency conflicts. Russian companies have adopted progressive governance mechanisms including director independence, nationality and gender diversity on the board, dismissal of poorly performing CEOs, and cross-listing of companies on foreign markets with stringent reporting obligations. Some of these innovations have had notably positive impact on firms performances and market valuation. Others, such as nationality diversity on boards of directors, enhanced the image of Russian companies but made little contribution towards improving internal governance. Unresolved issues impeding further progress include limited liability of directors towards shareholders due to imperfections of the Russian legal system, a taboo on disclosures of executives compensations, and generally high risks of conducting business in Russia. Despite impressive improvements in internal practices, Russian firms still have a long way to go to achieve the governance levels of their peers in developed countries.

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Given 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.

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