The Evolution of the Board of Directors Role in Russian Companies

Abstract

Author: Julia Ivanovna Dulyak - National Research University "Higher School of Economics."

This study examines the development of the board of directors institution in Russian companies. The purpose of the paper is to determine the stages of the evolution of the board role in Russia and to evaluate the further perspectives of this institution. Therewith we detect the stages according to the change of the board of directors role in Russian companies. Moreover we demonstrate the system of factors (institutional, legal, human, economic, factors of corporate sector) that influences the transformation of the board’s role. Studies of specialists in the field of corporate governance and the updating of the corporate law form the informational base of the paper.