TITLE

The Structure of Board of Directors of Russian Companies in the Context of Corporate Governance

AUTHOR(S)
Plotnikov, Andrey Viktorovich; Zagorujko, Igor' Jur'evich; Cherdancev, Vadim Petrovich
PUB. DATE
January 2013
SOURCE
World Applied Sciences Journal;2013, Vol. 21 Issue 4, p473
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses distinctive characteristics of corporate governance in XXI century Russian companies and defines optimality conditions. We analyse the advantages and disadvantages of the inclusion of managing director in the board of directors, perform a comparative study of theoretical descriptions of independent and non-executive directors, define the advantages and disadvantages of the inclusion of independent directors in the board of directors and study the connection between the image of an independent director and the requirements of Russian companies. We also study the functions of corporate secretary as a part of board of directors and suggest a new model of cooperation between corporate secretary office and shareholders, board of directors and executive bodies that would improve the efficiency of such interaction.
ACCESSION #
88947334

 

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