May 2001
A corporate governance shortfall
Russia defaulting on its domestic debt in 1998 might seem
like a distant memory, but one economic problem keeps coming up,
and is stifling foreign investment: poor corporate governance.
This, says Alexander Ikonnikov, executive director of the Russian
Investor Protection Association, is the most pressing issue facing
Russian businesses: "Corporate governance is crucial to the
strengthening of Russia's economic and financial system, and in
promoting transparency and investor confidence," he said at the
fourth annual Russian Economic Forum in...
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