INSHAKOVA À.O. Harmonization of Corporative Regulations in the Russian Federation with the Principles of Code for Best Practices of the OECD

Abstract: Considering globalization process in the world economy, on the one hand, and the growth of regional and economic integrational intergovernmental unions, on the other hand, as two basic tendencies in modern economic development, the author studies formation of legal issues in corporate relations and corporate governance by means of different standards worked out by international organizations of special competence. This level of corporate rights unification and harmonization the author describes as a priority and studies it on the example of Best Practices principles by the Organization for Economic Co-operation and Development (OECD) which are important for any system of corporate governance. A number of fundamental principles mentioned in the document, such as shareholders’ rights and formation of governing body in a joint-stock company, the author compares to the provisions of current corporate regulation in Russia. Key words: economic integration, intergovernmental integrational unions, unification of corporate regulation, international organizations of special competence, Organization for Economic Co-operation and Development, Best Practices by OECD, Code of Corporate Conduct of the RF, corporate governance, shareholders’ rights protection, state corporations, independent directors, shareholders’ registry, fractional shares Contact the author: Phone: 89265282387