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On 12 December 2011, the OECD and MICEX-RTS, the recently merged Russian stock exchange, launched a new three-year work programme on corporate governance in the Russian Federation. This re-launches the activities of the OECD-Russia Corporate Governance Roundtable that were suspended in 2008.
The new work programme of the Russian Roundtable will:
- tackle remaining challenges in the corporate governance framework via dialogue, research and access to international experts
- improve the understanding of Russian corporate governance practices and ongoing reform efforts.
Partners in this initiative hope that it will contribute to improving corporate governance in the Russian Federation.
Contact - For further information contact Hector Lehuede, OECD Corporate Affairs Division hector.lehuede@oecd.org.
Roundtable activities 1999-2008
Active from 1999 to 2008, the original Russian Corporate Governance Roundtable brought together an informal but highly influential network of Russian and international policy makers and private sector decision-makers to:
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facilitate Russian participation in international policy dialogue
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provide a forum where Russian policy makers and experts can strengthen and develop contacts with their peers in other countries and facilitate exchange of experience
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support reform analysis by advancing the understanding of viable policy options as well as implementation and enforcement mechanisms in the area of corporate governance
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“Our goal is to provide the international community with an accurate understanding of Russian corporate governance practices and to make it aware of ongoing reform efforts. We are confident that our project will help the Russian financial market realize its potential in full.”
Angel Gurría, Secretary-General, OECD
“This is not the first time the OECD has shared its expertise on corporate governance in Russia. Earlier cooperation bore important results, and many of the practices we take for granted today, such as independent directors on corporate boards, are the result of that earlier work. The agreement we are marking today will further develop the Russian legal system and strengthen corporate governance practices in line with international standards. I would also like to note that this project was made possible thanks to the support of the Central Bank of Russia, the Ministry of Economic Development, the Ministry of Finance and the Federal Service for Financial Markets.”
Ruben Aganbegyan, President of the Russian Stock Exchange
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