Russian practice of corporate governance regulation in different types of joint-stock companies

Abstract

The article examines issues of joint-stock companies corporate governance regulation in Russia. The country has a system of norms on various aspects of corporate governance (laws and regulations, internal documents, written recommendations). Law enforcement and business practice are of great importance. Subjects that own the corresponding blocks of shares have a significant influence. Corporate governance in private organizations is generally less regimented than in state ones. Differences exist in federal and regional joint-stock companies. Authorities independently build corporate governance regulation systems there. In general, Russia has a fairly large number of norms in the designated area, but some of them complicate process of corporate governance. It doesn’t always lead to a desired result.