The FINANCIAL — On December 12 MICEX-RTS and the Organization for Economic Co-operation and Development signed an agreement that will strengthen corporate governance in Russia through a program called the OECD-Russia Corporate Governance Roundtable.
The signing ceremony took place at the Russian Ministry of Economic Development as part of OECD Secretary-General Angel Gurría’s visit to Moscow.
The joint MICEX-RTS and OECD program, to last for a period of three years, will tackle remaining corporate governance challenges in Russia through dialogue, research and access to international experts. The program will also improve the understanding of Russian corporate governance practices and ongoing reform efforts among key target audiences. One of the most important aims of the program is to ensure that corporate governance standards used in Russia are accurately perceived by the international investment community.
The program calls for research to be presented at roundtable meetings and technical seminars by Russian and international experts, including the leading practitioners responsible for assessing, developing and implementing global best practices in corporate governance.
The joint work of the OECD, MICEX-RTS, government bodies and market participants will help lay the groundwork for the formation of an International Financial Center in Moscow.