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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Real Man who started this subject	6/3/2004 2:45:21 AM
From: Copperfield	of 1301

PUTIN SENDS GREETINGS TO CONFERENCE ON CORPORATE GOVERNANCE AND ECONOMIC GROWTH IN RUSSIA MOSCOW, June 3 (RIA Novosti) - The improvement of corporate governance should help raise the effectiveness of Russian enterprises, say the greetings of President Vladimir Putin to participants in the international conference on corporate governance and economic growth in Russia, which began in Moscow on Thursday. The greetings were read out by presidential aide Igor Shuvalov. "The issues on your agenda are of major significance for the current economic situation in Russia. It will be a concerned and concerted work of businessmen, scientists and state authorities," say the greetings. According to Putin, a consistent introduction of corporate governance methods will help improve the investment climate and raise the quality of economic growth. "I hope the practical recommendations you will elaborate at the conference will help raise the effectiveness of Russian enterprises," run the presidential greetings. The first international conference on corporate governance and economic growth in Russia will be held in Moscow on June 3-4. "The main issues on the conference agenda will be modern trends in corporate governance," said deputy chairman of the organizing committee of the conference Andrei Bugrov. "The agenda of the conference and the subject of the report are connected with the G8 declaration made in Iran in 2003, where the leaders discussed corporate governance and social responsibility of companies," executive secretary of the conference Alexander Astapovich said about the importance of the conference in view of the fact that the forthcoming G8 summit in the U.S. will be devoted, in part, to corporate governance. Over 300 foreign and 500 Russian heads of major corporations and experts on corporate management are attending the conference, which was organized also by the World Bank and the OECD.

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