On march 31, 2023 the members of International Relations Committee chaired by Natalya Baranuk has taken the part in the Indonesian Day in The Moscow State Institute of International Relations organized by the ASEAN Centre and the embassy of the Republic of Indonesia in Moscow.
This year Indonesia chairs the ASEAN Association. The country is one of the founders of the ASEAN countries with dynamically developing economy and active participant of the international processes.
The «Russia — Indonesia: the Way Forward to the Better Future» session has been held during which the parties have made the following conclusion: Russia and Indonesia are becoming the perspective market and economical partners for long-term mutual relations.Russia is the country with complying positions under global issues with important Asia-Pacific/Indo-Pacific Indonesia partner.
During the meeting Natalya Baranuk the Head of the NCSA International Relations Committee, Jose Antonio Morato Tavares Ambassador and Ekaterina Koldunova Director of the ASEAN Centre in MGIMO-University, Director, Ph.D. (Cand. Polit. Sc.) in Political Science, Associate Professor have been raising the issues of opportunities of Indonesian government bodies, professional and business associations to take its participation in the NCSA projects concerning corporate governance.
His Excellency Ambassador expressed the interest to potential cooperation between the NCSA and several Indonesian governmental structures in corporate governance.
The National Corporate Secretaries Association sees the creation of values and prospects for the development of corporate governance in Russia as one of its goals. Since an important task on the way to achieving this goal is to study the world experience in this area, the NCSA – International Relations Committee conducted an overview study of corporate legislation and corporate governance in Vietnam.
In modern conditions, no state in the world can exist in isolation, and therefore companies must be ready to enter international markets for products, services and investments. Vietnam is no exception, so the business community needs to study relevant world practices and implement them taking into account national characteristics and interests.
One of the areas of improvement — corporate governance — is the most important tool for ensuring the sustainability of companies and their long-term successful development.
Corporate legislation and corporate governance in Vietnam are, in general, at the stage of formation, which can be considered, among other things, as a positive factor that makes it possible to determine the most effective direction of future development. At the same time, quite a long way has been passed since 1986, and many stages of this path make the development of corporate law and governance in Vietnam similar to similar processes that took place in Russia around the same time period.
The main features of corporate governance in Vietnam companies
Concentrated ownership – many companies are owned by a single controlling shareholder, family members, or a small group of shareholders
Insufficient separation of ownership and control — controlling shareholders are often also the CEO of the company and/or are on its board of directors
A controlling stake in companies belonging to the most significant sectors of the economy often belongs to the state
Large holding structures, especially in the public sector
The growing experience of members of management bodies, the increasing individualization of corporate governance systems of individual companies
These features lead to a decrease in supervisory activities and transparency, complication of corporate processes, and as a result — a certain decrease in the investment attractiveness of companies. At the same time, shareholders keep better control, the security of their assets is increased, which is quite justified, taking into account the processes currently taking place in the international sphere.
It is generally recognized that corporate governance plays a crucial role in emerging markets, where the legal framework is relatively new and investors, in addition to the legal remedies provided, need to carefully evaluate the mechanisms provided by the corporate governance system of a particular company. And this is a positive factor for the development of Vietnam’s stock market, since even minor improvements in corporate governance can be of great importance to investors.
Vietnamese companies need to improve corporate governance, including increasing transparency, strengthening investor protection and improving regulatory mechanisms, paying special attention to maintaining a balance between integration into international investment processes and protecting their national interests.
Professional associations, such as the National Corporate Secretaries Association, traditionally play an important role in promoting the best practices of corporate governance in many countries, which means that similar experience can be effectively applied in Vietnam.
The ways of developing corporate law and governance in Vietnam and Russia are similar in a number of ways — the exchange of experience is relevant for our countries. Successful adaptation and application of this experience, taking into account national peculiarities, can positively affect the development of stock markets and improve the investment attractiveness of companies in both countries.
7 и 8 июля 2022 определены датами проведения XVI Международного форума корпоративных секретарей НОКС
Это уникальное событие, бессменно организуемое Национальным объединением корпоративных секретарей, впервые было проведено в 2007 году.
За 16 лет Форум завоевал статус ведущей российской площадки для обсуждения ключевых вопросов корпоративного управления, обмена практиками и компетенциями в целях обеспечения устойчивого развития, а также для диалога, поиска и развития деловых контактов.
Среди традиционных участников Форума – представители государственной власти, регулирующих органов и общественных организаций, ведущие консультанты и обладающие эксклюзивным опытом эксперты-практики – профессионалы высочайшего уровня в сфере корпоративного управления.
В этом году предусмотрен как очный, так и заочный формат участия.
Деловая программа Форума будет традиционно посвящена вопросам актуальных международных и российских практик корпоративного управления.
К участию в Форуме приглашаются:
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December 22, 2021
10.00 am – 1.00 pm, Moscow Time
Сhairman of the Board, NCSA
Managing director – Corporate Secretary
Immediate Past President, ICSI
Executive Director, Association of professional investors
Deputy General Director, Corporate Secretary, Inter RAO
First Deputy Head of the Department for Property Management and Corporate Relations, Gazprom
Corporate Secretary, Yandex N.V
Head of Shareholders’ Interaction Service, VTB Bank
Deputy Head of the Department for Interaction with Securities Market Participants, National Settlement Depository (NSD)
President of the North-West Center for Corporate Governance, Chairman of the Board of Directors of Brusnika
Corporate Secretary, Ingosstrakh
Executive Director, STATUS
November 10, 2021
3 pm – 5 pm (IST)
12.30 pm – 2.30 pm (Moscow Time)
meeting of the Working Group on September 28, 2021
1.Recommendations of the Bank of Russia on the disclosure of non-financial information
Elena Kuritsyna, Director of the Corporate Relations Department, Bank of Russia
Yakushin Andrey, Head of the Corporate Relations Development Department
Department of Corporate Relations, Bank of Russia
2. Guidelines for the issuer: how to comply with the best Sustainable Development practices. Role of the Moscow Exchange
Loginova Natalya, Director of the Issuer Relations Department, PJSC Moscow Exchange
3. ESG policy of PJSC Sberbank. Supervisory Board as a driver of the ESG agenda
Oleg Tsvetkov, Corporate Secretary and Managing Director, Sberbank PJSC, Chairman of the NCSA Board
4. About ESEF digital reporting: current requirements and perspectives.
Andrey Kozhevnikov, Founder and Managing Partner of Zebra Corporate Communications