Evolution of Corporate Governance in Russian Transparent Market Environment

Abstract

This article analyzes the transparency of Russian corporations' activities. It defines the importance of the principle of transparency and openness of markets as one of the key ones for the integration of Russian corporations into the international economic spaces. The ways of increasing the clarity of the activities of Russian corporations through the adoption of several government measures are proposed to encourage corporate disclosure. To increase transparency of Russian corporations' activities, it is proposed to introduce into the legislation on corporations the norms obliging the disclosure of information about beneficial owners of the corporation.