Izvestiya of Saratov University.

Economics. Management. Law

ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


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Russian
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Article type: 
Article
UDC: 
005.521

General and Private in Disclosure of Information by Russian Corporations

Autors: 
Levanova Lidiya Nikolaevna, Saratov State University
Abstract: 

Introduction. The modern development of corporate governance in Russia is characterized by positive dynamics. The greatest achievements in compliance with the International Best Practices of Corporate Governance have been achieved by such components of corporate governance as management and disclosure. And the latter component is the most developed component of corporate governance in Russia due to the continuous improvement of legislative requirements. But even it does not develop without contradictions. Along with general positive trends in increasing the transport capacity of Russian corporations, there are a number of particular weaknesses in the openness of individual companies that need to be eliminated. Theoretical analysis. In the course of the article, the general positive trends in the disclosure of information by Russian companies are systematized. With the help of the ballroom method and the benchmarking method, an assessment is made of compliance with the recommendations of the Corporate Governance Code of the information policy and the annual report of PJSC «VimpelCom», which relates to the most developed branch of Russia for openness. The absence of a system in the transportability of this Company is revealed. Results. Analysis of the quality of the information policy of PJSC «VimpelCom» allowed to formulate proposals for improving the disclosure of information in this company: implementation of the algorithm for creating an annual report, posting the management’s address with the statement of the report topic, improving the presentation of key performance indicators, and a description of the risk management system in the company. These recommendations may have practical application in other companies.

Reference: 
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Received: 
14.07.2017
Accepted: 
26.08.2017