Implementation of Proper Corporate Governance Principles as the Institutional Basis for Improvement of Russian Companies’ Investment Attractiveness
The article discloses the socio-economic and socio-cultural factors obstructing the development of a corporate governance system in Russian companies meeting the appropriate principles of its best international practice. It is shown that material enhancement of the corporate governance quality is a prerequisite of drastic improvement of Russian companies’ investment attractiveness. The article discusses ways to improve the eﬃciency of corporate governance in Russian companies by establishing specialized committees within their boards of directors, implementation of the institution of Independent Directors, and development and implementation of the «Corporate CEO» Professional Standard defining the functions of members of board of directors identified at the highest (eighth) qualification level.