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Initiatives Proposed by Russian Participants

Introduction | Overview: Pioneering Projects and Impact | Foray Into The Urals: A Successful Model | Follow-up | Moscow Roundtable Co-sponsored by CIPE, the OECD and the World Bank | CIPE Corporate Governance Seminar in Moscow

  • Build coalitions among shareholder rights organizations, chambers of commerce, professional stockbroker associations, and government;

  • Work with corporations that are willing to adopt sound corporate governance practices;

  • Provide information produced by international organizations on corporate governance;

  • Assist Committees for the Protection of Shareholder Rights;

  • Organize roundtables and seminars targeted to the media and the general public;

  • Organize roundtables starting from zero; i.e., assuming no knowledge whatsoever of corporate governance principles;

  • Work with regional and local government officials. Win their support by explaining how good corporate governance will increase tax revenue available for local communities;

  • Work with lawyers and consultants in protecting minority shareholder rights;

  • Work to counter the public relations disinformation produced by PR firms and paid for by Russian companies that flagrantly violate shareholder rights

  • Emphasize the connection between good corporate governance and market liquidity. Good corporate governance and investor-friendly stock markets encourage investment. Conversely, poor corporate governance discourages investment. As a result, stock markets see little trading. Thus, stock market brokers and other professionals have a direct interest in promoting active trading and an indirect but clear interest in good corporate governance on the part of issuers

 
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