NATIONAL COUNCIL ON CORPORATE GOVERNANCE

«Obviously, Russian companies will also have more listings in the international stock exchanges. Russian companies will continue to invest capital elsewhere. Given these circumstance, we are supposed to provide for the right level of embracement of best business practices here. So our policy here is, on the one hand, to do all we can in order to have the Russian corporate sector understandable, clear, transparent and attractive. On the other hand, we are going to improve transparency of our business community, our companies in order to introduce good governance, accountability of directors to make our marketplace sustainable, less risky to different kinds of volatilities, because over the past few years we have seen a number of mishaps heating some of the foreign companies».

Speaking at the NCCG II International Conference “Corporate Governance and Globalization of the World Economy”, Moscow, May 30-31, 2008

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«The development of global capital markets inevitably leads to certain convergences and the waiving of certain differences that exist in corporate governance between various companies and countries. That is why it is necessary to establish international practices to regulate business, including the creation of certain institutions and differing access to capital markets. That is why we continuously improve Russian corporate governance legislation, because our goal is to create competitive conditions for the companies to decrease costs, to enhance corporate governance structure, and to create competitive conditions so that companies would be able to adapt to the changing market conditions».

Speaking at U.S.-Russia Round Table,  “Corporate Governance and U.S. – Russia Cross – Border Investment”, New York, 2007

«A window of opportunity is wide open for Russia now. It will enable us to rise to a new level of development, which would mean that we are in position to ensure high rates of economic growth based primarily on investments, innovations, reduction of Russia’s dependence on the world economic situation. I believe that in the near term we will be able to maintain high economic growth rates».

Speaking at the NCCG I International Conference “Corporate Governance and Economic Growth in Russia”, Moscow, June3-4, 2004