NATIONAL COUNCIL ON CORPORATE GOVERNANCE

The report, which is NCCG annual lead publication, analyses the impact of world economic and financial crisis on corporate governance in Russia and brings about problems related to the status of standards and benchmarks used for evaluating the quality of corporate governance. The role of risk management as a mechanism of corporate governance, as well as the existing system of remuneration of senior management of companies in the world and in Russia, are discussed. The preface to the Report is written by James D. Wolfensohn, former President of the World Bank Group.

Organized by Euromoney Conferences; NCCG is the Research Partner of the Forum

Discussion primarily focused on the findings of a survey conducted in December 2009 by the NCCG in cooperation with the RBCC among foreign directors working in Russia.

“Remuneration systems for management and board of directors: global impact of crisis and Russian trends”.

The 3d Corporate Forum held by NCCG in November 2009 became the principal event of the year. For the first time it was held in the new format: presentation of a key-note speaker (Sergei Guriev, Rector, New Economic School) and a panel discussion on topical issue of corporate governance.

"If we want to cooperate with the business community effectively and demand that good corporate governance standards should be introduced appropriately, I think we should start with ourselves in the government."

"Obviously, Russian companies will also have more listings in the international stock exchanges. Russian companies will continue to invest capital elsewhere. Given these circumstance, we are supposed to provide for the right level of embracement of best business practices here."