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Table of Contents
Introduction ?????????????????????????????.. ?3 Section 1: Corporate Governance in Russia
Tsarist Time ???????????????????????????.4 Communist Regime and Its Influence ?????????????????..5 Culture ?????????????????????????????. . 8 Current Corporate Governance Structure ????????????????8
Section 2: Model of Power of CEO and Board of Directors
Board of Directors Typology .????????????????????11 Case of Russian Oil Companies ???????????????????13 Section 3: Oil Sector
History of Russian Oil Sector ????????????????????14 Structure of Oil Industry ??????????????????????16 Russian Oil Majors ????????????????????????21
Section 4: Board of Directors in Russian Oil Companies
Role of Board in Corporate Governance ???????????????...29
Mission of Board ?????????????????????????30
Duties of Board ?????????????????????????..31
Board and Shareholders ??????????????????????.32
Board and Management ??????????????????????.33
Board Committees ????????????????????????.35
Board Members ??.???????????????????????39
Board Size ???????????????????????????..43
Director Share Ownership ?????????????????????..43
Role of the Board Chair .?????????????????????...44
Director Compensation ??????????????????????..45
Board Sponsors ?????????????????????????..45
Conclusion ??????????????????????????????.49
Discussion ??????????????????????????????..54
References ??????????????????????????????..56
List of Tables
Table 1: Methods of privatization in Russia ???????????????? 6
Table 2: Proposed members of a board in privatization plan?????????.. 7
Table 3: ...