Features of Corporate Governance National Model Development

Alexander Radygin, Revold Entov and Irina Mezheraups
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Alexander Radygin: Gaidar Institute for Economic Policy
Revold Entov: Gaidar Institute for Economic Policy
Irina Mezheraups: Gaidar Institute for Economic Policy

Research Paper Series, 2003, issue 55P, 162

Abstract: The purpose of this study is to examine theoretical approaches that have emerged in the analysis of classical models of corporate governance, to study innovations in the field of corporate governance in Russia, and to develop practical recommendations regarding corporate legislation. The first part of the study presents a theoretical overview of classical models of corporate governance. The second part examines general trends in the development of corporate governance in post-socialist economies (the impact of privatization, the role of “entrenched management,†etc.), as well as recent trends in the development of the corporate sector in Russia, including in the context of the specific features of the national model. The third part of the study is devoted to issues of further improving corporate legislation, primarily within the framework of the current Law “On Joint-Stock Companies.†It also examines the main innovations of the latest version of the Law “On the Securities Market†and their possible implications for market development

Keywords: Russian economy; corporate governance; national model (search for similar items in EconPapers)
JEL-codes: G32 G34 G38 J33 K22 (search for similar items in EconPapers)
Date: 2003
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