Independence of board of directors, employee relation and harmonisation of corporate governance: Empirical evidence from Russian listed companies

Demirbas, Dilek and Yukhanaev, Andrey (2011) Independence of board of directors, employee relation and harmonisation of corporate governance: Empirical evidence from Russian listed companies. Employee Relations, 33 (4). pp. 444-471. ISSN 0142-5455

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Official URL: http://dx.doi.org/10.1108/01425451111142729

Abstract

The main aim of this paper is to examine the role of the board of directors in Russia with specific attention to their independence, employee relations and ability of successful adaptation of the international standards. The authors used a survey questionnaire to provide an empirical example from a transition economy to the corporate governance literature by exploring the attitudes of the 55 board directors from 30 listed companies on the Russian Trading System (RTS) Stock Exchange. The respondents recognise the board of directors as an important instrument of efficient and good corporate governance practice. More surprisingly, they are also in favour of employee representatives on the board of directors and agree that board size and composition should be enhanced by employee representatives on the board.

Item Type: Article
Uncontrolled Keywords: employee relations, international standards, perception, Russia
Subjects: N100 Business studies
N200 Management studies
Department: Faculties > Business and Law > Newcastle Business School > Business and Management
Depositing User: EPrints Services
Date Deposited: 01 Sep 2011 11:53
Last Modified: 10 Aug 2015 11:02
URI: http://nrl.northumbria.ac.uk/id/eprint/3672

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