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Independent Director in State Participating Companies: Cassandra or Ariadna?

Andrey Shastitko and Svetlana Avdasheva ()


Abstract: The article describes the grounds and conditions of independent directors’ incorporation in the boards of directors of state participating companies. The results of independent directors’ elections in their boards are analyzed. A number of variants of independent director’s de-facto status are shown. The conditions for realizing advantages of independent directors’ involvement as compared with public servants from the perspective of developing the effective system of corporate governance are identified.

Date: 2009
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Handle: RePEc:nos:voprec:2009-06-8