Corporate governance principles

2004 Roundtable on Corporate Governance in Russia


11-12 November 2004 - Moscow, Russia


This roundtable discussed 2 draft papers: “Priorities for Implementing IFRS in the Russian Federation” and “Implementing Effective Disclosure of Related Party Transactions and Beneficial Ownership in Russia”.  These papers were prepared in response to a request from the Russian Federal Service for Financial Markets and the Ministry of Economic Development and Trade. 


Meeting documents and presentations


  • Reporting according to US GAAP, by Mr. Robert Strahota, US Securities and Exchange Commission • in English 
  • Sound systems of corporate governance, by Mr. Leo Goldschmidt, European Corporate Governance Institute • in English
  • Self-enforcement by companies during the preparation of financial statements, Mr. Murray Easton, TNK-BP, Russia [ Speaking Notes • in English / Slides • in English ]
  • Approval of financial statements (by shareholders, boards of directors, audit committees), Mr. Bert Vos, National Association of Independent Directors, Non-Executive Director of International Industrial Bank (MezhProm Bank), Russia • in English
  • Statutory audit of financial statements; Who audits the auditor?-  Mr. Geoffrey Townsend, TACIS Project • in English / • in Russian
  • Enforcement in EU, Mr. Hans van Damme, European Federation of Accountants, Belgium •  in English
  • Market forces that punish companies for poor disclosure, Ms. Elena Krasnitskaya, Troika Dialog, Russia • in English
  • The experience of Turkey: Dr. A.R.Zafer Sayar, Turkish Accounting Standards Board [ Speaking Notes • in English / Slides • in English ]
  • Mr. Joseph McCahery, Centre for European Policy Studies, Netherlands • in English
  • Mr. William Browder, Hermitage Capital Management, Russia • in English
  • Ms. Julia Kotchetygova, Corporate Governance Services, Standard & Poor's, Russia • in English
  • Mr. Alex Williams, Vostok Nafta Investment Ltd, Sweden • in English
  • Mr. I. Kubilay Temucin, Capital Market Board of Turkey • in English
  • Ms. Fianna Jesover, OECD • in English


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