A corporate governance shortfall

Headline: A corporate governance shortfallSource: EuromoneyDate: May 2001Author: Jonathan Brown         Alexei Kudrin 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 […]

Headline: A corporate governance shortfall
Source: Euromoney
Date: May 2001
Author: Jonathan Brown

       
Alexei Kudrin
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 London last month.






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