Legal regulation of corporate governance in state agricultural companies in Russia

Abstract

The article considers legal aspects of corporate governance in an important sector of the Russian economy - agriculture. The author concentrates his attention on state companies. Today there are much less state agricultural companies then 10 or even 5 years earlier. The most famous are JSC "Rosagroleasing", JSC "United grain company"and JSC "Head center for reproduction of agricultural animals". The biggest state agricultural companies are in federal property. Russian regions are owners of agricultural companies too. Every owner (the Russian Federation or Russian regions) establishes its own rules for the functioning of companies. Some regions have special regional laws on governing state companies. Others adopted government resolutions. There is a big difference between legal regulation on corporate governance in state and private agricultural companies in Russia. Sate companies are highly regulated by different kind of legal acts.