Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


board of directors

Improvement of the Composition and Structure of the Board of Directors in Russian Corporations

Introduction. For a long time, the board of directors of Russian corporations had a formal character, manifested in weak interpersonal relations between council members and in a formal approach to performing functions prescribed by Russian law and the Corporate Governance Code. The cause of formalism was the merging of property and management in Russian business, namely, the formation of a model of insider capitalism, as well as the general misunderstanding by the owners of the functional of the board of directors.

Characteristics and Directions of Improvement of the Bord of Directors Activity in Russian Corporations

The paper is about problems and essential characteristics of the board of directors in Russian corporations. The author offers directions of improvement of the board of directors activity according strategy and control functions; advise to improve professional and personal qualities of directors, change an order of the work, and to improve the control and recompense system of the directors.