CURRENT TENDENCIES IN CORPORATE GOVERNANCE SYSTEM IN RUSSIA

The aim of this article is to analyze current selected tendencies in Russian corporate governance system that have been observed in the past few years. The corporate governance in Russia started formulating in the nineties of the 20th century as a result of the privatization process. It’s principal mechanism is a concentrated ownership structure. On the basis of a research conducted by the leading Russian research centers, the authors analyze changes concerning the ownership structure of Russia’s companies, including the model of companies’ owners, the role of the state both in the ownership structure and in corporate control and capital markets. The authors also try to define the probable further changes in corporate governance system in Russia.