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Russia Corporate Governance Project (RCGP) | 01-11-2005
The assess of the development of corporate governance practices in regional medium and large OJSCs in Russia compared to 2002 has been provided in a new study.
Start Date: November 2004
Completion Date: May 2005

RCGP is an IFC Private Enterprise Partnership project funded by the Dutch Ministry of Economic Affairs and the Swiss State Secretariat for Economic Affairs (SECO).

Project Summary:

The Project goes back to a baseline study of the corporate governance practices of medium and large Russian open joint stock companies conducted in the four Russian regions (St. Petersburg, Samara, Rostov-on-Don, Ekaterinburg) in late 2002. The objective of the survey was to gain a statistically significant assessment of corporate governance practices in Russian companies and where they stand in comparison with internationally recognized best practices. Now, the Project intends to conduct a final survey in the same four regions, as well as in Moscow, Novosibirsk and Vladivostok, to assess the development of corporate governance practices in regional medium and large OJSCs. This will also indicate the level of impact the Project has had, not only in client companies but also overall corporate governance practices in the regions.

Project Output:

Project results were presented at CEFIR in April 2005. Written report was transferred to IFC. One can ask for project results at Independent Director Association that now is continuing Corporate Governance in Russia Project.

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