September 16, 2004
Considering Corporate Governance Changes in Russia??
Today, a Russian Finance official announced the interesting news that corporate governance regulations are under consideration in Russia. This should be good news for those considering investment in Russia. Does this mean that changes in government dealings with private companies are subject to review as well?
See this excerpt from the news release from www.rbcnews.com :
"Monetary official on corporate governance in Russia
RBC, 16.09.2004, Moscow 16:55:37.Head of the Federal Service for Financial Markets Oleg Vyugin has proposed to create a system of assessing corporate governance practices in Russia. As he told journalists commenting on the program of improving corporate governance practices in Russia worked out in cooperation with the European Union, this will make it possible for investors to assess and compare Russian companies taking into account internationally approved standards.
Vyugin considers it reasonable to create a system of ratings assigned to Russian companies after the assessment of the corporate governance level. The decision to get a rating should be voluntary, the head of the Federal Service for Financial Markets emphasized. "
See the complete article: http://www.rbcnews.com/free/20040916165537.shtml
For complete information on Issues Sarbanes-Oxley Compliance Playbook(tm) www.issuescentral.com
See this excerpt from the news release from www.rbcnews.com :
"Monetary official on corporate governance in Russia
RBC, 16.09.2004, Moscow 16:55:37.Head of the Federal Service for Financial Markets Oleg Vyugin has proposed to create a system of assessing corporate governance practices in Russia. As he told journalists commenting on the program of improving corporate governance practices in Russia worked out in cooperation with the European Union, this will make it possible for investors to assess and compare Russian companies taking into account internationally approved standards.
Vyugin considers it reasonable to create a system of ratings assigned to Russian companies after the assessment of the corporate governance level. The decision to get a rating should be voluntary, the head of the Federal Service for Financial Markets emphasized. "
See the complete article: http://www.rbcnews.com/free/20040916165537.shtml
For complete information on Issues Sarbanes-Oxley Compliance Playbook(tm) www.issuescentral.com
