RUSSIA - The Organisation for Economic Co-operation and Development (OECD) is targeting the issue of corporate governance in Russia and its former states.
On April 15, an official presentation of a white paper on corporate governance will take place in Russia.
A series of recommendations for improving corporate governance in Russia, drawn up in three years of consultations and debate involving Russian and international policy-makers and businessmen, will be presented in Moscow. The presentation will be co-chaired by the Russian minister of economic development and trade, German Gref, and OECD deputy secretary General Seiichi Kondo.
The event is being co-organised by the OECD and the World Bank Group.
In addition, between April 17-18, the OECD and its partners will organise the third Eurasian corporate governance roundtable in Kyiv, Ukraine.
The OECD says inadequate corporate governance practices and shareholder rights violations have created a severe barrier to investment in many of the newly independent states of Eastern Europe, the Caucasus and Central Asia.
The roundtable will attract more than 130 leading representatives of governments and from the private sector, as well as academics, members of international financial institutions and experts from OECD member countries to evaluate corporate governance developments in the region and to examine in depth the issues of shareholder rights, equitable treatment and the role of the state.
Participating Eurasian countries will include Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Moldova, Mongolia, Ukraine and Uzbekistan.
Over the next two years, the Eurasian corporate governance roundtable will further assist selected countries in developing public policy responses, using the OECD corporate governance principles as a conceptual framework.
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