Business integrity and corporate governance in state-owned enterprises


Business integrity and corporate governance in state-owned enterprises

Series of seminars organised by the OECD in collaboration with Deloitte CIS

State-owned enterprises play an essential role in global markets as well as in Russian domestic economy. Due to their significance, corruption in state-owned enterprises has a shattering impact not only on the company itself, but also on the national economy and society overall. Hence fostering good corporate governance and integrity practices in state-owned enterprises is particularly important.

Effective integrity measures in SOEs help to maintain citizens’ and investors’ trust in state institutions, ensure a level-playing field with privately owned companies and, thus, contribute to promoting sustainable growth.

About the seminar

The seminar Business integrity and corporate governance in state-owned enterprises, organised by the OECD in partnership with Deloitte CIS and with the funding of Siemens Integrity Initiative, will discuss key integrity risks and challenges specific to SOEs.

Building on the OECD Guidelines for Corporate Governance of State-owned Enterprises, the discussions will outline ways to manage integrity risks through corporate governance measures. Special attention will be drawn on the challenges specific to Russian SOEs, the work carried out by the Bank of Russia in supporting and monitoring the implementation of internal control and risk management pursuant to the Russian Code of Corporate Governance, as well as the assessment of governance practices in local state-owned enterprises by the Association of Institutional Investors.

In addition, the seminar will provide an opportunity to share knowledge about the concrete integrity practices within Russian companies with state participation. The discussions will be supported by expert speakers from the OECD, Deloitte CIS, the Bank of Russia, the Association of Institutional Investors and local state-owned enterprises. Simultaneous interpretation will be provided at the seminar. 

Date: Tuesday, 25 April 2017

Time: 9.00 – 13.00

Venue: Lotte Hotel, 8 bld.2, Novinskiy Blvd., Moscow

Date and venue

9.00 – 9.30

Welcome coffee and registration

9.30 – 9.40

Opening remarks, Ekaterina Karlova-Ignatieva, Lead Country Compliance Officer, Siemens Russia

9.40 – 11.20

Business integrity and corporate governance in state-owned enterprises, Hans Christiansen, Senior Economist, OECD

Monitoring of the implementation of the Russian Code of Corporate Governance, Andrey Yakushin, Head of Corporate Affairs and Information Disclosure Division of the Corporate Affairs Department, Bank of Russia

Assessment of corporate governance practices in selected Russian state-owned enterprises, Alexander Shevchuk, Executive Director, Association of Institutional Investors

11.20 - 11.35

Coffee break

11.35 – 12.50

Due diligence practices in state-owned enterprises, Maxim Fedotov, Senior Manager, Deloitte CIS Forensic Business Intelligence Services; Alexey Ivlev, Director, Deloitte CIS Forensic Business Intelligence Services

Concrete examples of corporate governance and business integrity practices in Sberbank, Elena Eremenko, Managing Director of Compliance, Sberbank

12.50 – 13.00

Closing remarks


For more information please visit the official conference web page. For registration please contact Marianne Aalto or Anne Nestour.

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