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<br>Corporate governance in Russian companies has become a growing concern in recent years that has attracted international scrutiny. In Russia, the concept of corporate governance involves the relationships among a company's stakeholders.
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<br>Historically, corporate governance in Russia has been criticized for poor practices. Many Russian companies have failed to implement international standards. Furthermore, corporate governance has been a concern due to the lack of accountability in the management.
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<br>However, in recent years, there have been major initiatives to improve corporate governance in Russian companies. The Russian government has developed policies to promote corporate governance. For example, the Joint Stock Companies Law requires that Russian joint-stock companies have a board of directors and an audit committee.
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<br>In recent years, the Russian government launched, the Federal Law on the Joint Stock Company, which improved the system of corporate governance standards. The law recommends best practices for corporate governance.
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<br>In addition, the Russian government has launched initiatives aimed at promoting corporate governance for the establishment of the Russian Corporate Governance Code. The code includes principles on corporate governance structure.
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<br>Moreover, large Russian companies have begun to implement Western-style corporate governance practices, such as the implementation of risk management processes. Many major Russian companies have also started to disclose their corporate governance practices in their annual reports, which has helped improve transparency and accountability.
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<br>Notably, large Russian companies, such as Yandex and Mail.ru, have strengthened their governance structures into their corporate structures. Some smaller companies, however, still struggle with implementing high standards.
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<br>These are often the ones operating in sectors such as sectors with less stringent regulatory requirements.
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<br>More importantly, foreign investment has had significant influence in Russian corporate governance practices. Many foreign investors have pushed Russian companies improving their corporate governance standards. These investors have played a key role in pushing Russian companies to reform.
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<br>Despite these advances, there is a long way to go for Russia, in terms of improving corporate governance in its companies. Corporate governance practices in Russia are still evolving, behind those of many Western countries, and the lack of a clear regulatory framework for corporate governance continues to be a challenge.
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<br>Furthermore, many Russian companies still face challenges in implementing corporate governance. This can impact the company's financial performance.
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<br>In conclusion, corporate governance in Russian companies has come a long way in recent years, but efforts need to be made to achieve the standards that are adopted in many developed countries. Efforts should be made by the Russian government standards and перевод диплома в Москве to support companies in implementing international standards of corporate governance.
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