New corporate governance norms for Russia – What will change?

Abstract

Russia just played in the World Cup after a 12-year absence. On the same (time)line, Russia published a new Corporate Governance Code in 2014 that should reflect the changes in Russian Corporate Governance. The paper critically analyses this new code in comparison to its predecessor and global best practices. Implications are given, if the future of corporate governance in Russia should be based on directives or standards.