Corporate Governance Reform in Russia: The Effectiveness of the 1996 Russian Company Law

Authors

Gregory Wolk

Abstract

During Post-Soviet privatization, widespread abuses of power in Russian corporations contributed to the economic malaise in that country. These abuses are attributed to the domination of firms by senior management. In January 1996, the Russian Company Law went into effect with very strong protections for minority shareholders as a means to curb these abuses. This Comment analyzes the effectiveness of the Russian Company Law in this regard over the past three years. It concludes that the law has been moderately successful given the extremely hostile conditions at the time of enactment, and thus, it is a model for other transitional economies in need of corporate governance reform.

First Page

219

Recommended Citation

Gregory Wolk, Comment, Corporate Governance Reform in Russia: The Effectiveness of the 1996 Russian Company Law, 8 Pac. Rim L & Pol'y J. 219 (1999).
Available at: https://digitalcommons.law.uw.edu/wilj/vol8/iss1/18