Years of change for RussiaRussian Corporate Governance Journal
Igor Belikov, CEO of the Russian Institute of Directors, interviews Andrea Di Segni, Sodali Head of Corporate Advisory, on Russian Corporate Governance Journal. Di Segni examines the last years’ situation of Corporate Governance in Russia: despite the geo-political and geo-economic crisis, 2013 and 2014 have been years of change for the Russian market and Russian companies as well. The new Corporate Governance Code and the new voting requirements for General Meeting participation are clear answers to foreign investors’ expectations and, as a result, foreign institutional investors started to be a strategic component of the General Meetings in Russia.
A lot of work is still to be done: to attract foreign capital Russian companies need not only rewarding financial metrics but restoring a consistent level of trust in Boards and their strategy to deliver in the long-term.