|
On paper Russia has almost the best corporate governance laws of any former communist economy, but in practice the country’s Wild West style of capitalism lives on. The battle for control remains paramount and the laws are no match for managers determined to hold sway over shareholders. Both foreign and domestic investors have suffered losses after being outmanoeuvred by unscrupulous managers. At the same time, shareholders have promised capital spending in return for cheap equity only to renege on the deals. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
