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What is "corporate governance"?
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The process of running a corporation
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Relations between Board of Directors, Management and Shareholders
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I don't know
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Are the existing requirements to disclosure of non-financial information sufficient?
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Yes, they are sufficient
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No, they are not sufficient
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I don't know
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What are the reasons of the downfall of the Russian stock market?
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Upcoming World financial crisis
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US Presidential elections
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Inefficient activity of Russian issuers
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Policy of regulatory authorities
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I don't know
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What is the main risk associated with investing in Russian enterprises?
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Review of privatization results
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Prevention from participation in management and profit
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Asset stripping, dilution of share
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Restructuring, bankruptcy of the enterprise
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I don't know
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What main area of the Board of Directors' activities requires most development?
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Information disclosure and transparency
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Control over the Executive Management
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Control of the company's financial situation
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Strategic management of the company
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Compliance control
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Shareholder relations
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What does the adoption of FCSM Corporate Governance Code mean in your opinion?
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additional control on behalf of regulatory authorities
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enhanced moral and ethical obligations of company managers before shareholders
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another handy tool for issuers to disguise the real situation at the company
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nothing will change
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I don't know
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What are most typical violations of shareholder rights in your opinion?
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premeditated and fictitious bankruptcy
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asset stripping, transfer pricing
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non-payment of dividends
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dilution of shares
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I don't know
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What is the most important function of professional Association of Independent Directors?
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training and consulting of IDs
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''the club'' for communication and experience sharing
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tribune for explanation of the role and significance of IDs
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formation of the IDs' professional community and standards
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executive search of Independent Directors for existing companies
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Should the information on the amount of compensation and its payment procedure be made public?
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yes, for general public
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yes, for controlling shareholder only
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yes, for non-executive directors only
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yes, for management only
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What should be done with the FCSM powers?
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they must be enhanced
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the market is already overregulated
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they must be partly delgated to exchanges and SROs
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they must be partly delegated to other ministries
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nothing should be changed
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What priority measure can be taken to ensure independence of the auditor from the company’s management and for receiving objective information
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to switch the auditors every 3-4 years
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to introduce regular professional checks of the quality of the auditors’ work by self-regulatory organizations
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to prohibit the auditor to provide consulting services to audited client
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to hold the tender among independent auditors with the assistance of self-regulatory organizations, investor associations, etc.
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to form and to strengthen Audit Committees within the Board of Directors
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What, in your opinion, is the most important function of the compensation committee?
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to establish the amount of compensation for Directors
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to determine the procedure of payment and submit it to the shareholder meeting for approval
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to disclose information on the amount of compensation and how it is determined
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all of the above
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What hinders the improvement of corporate governance in banking?
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lack of experience and knowledge in corporate governance
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absence of regulations and requirements from the Bank of Russia
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imperfection of criminal law regarding the responsibilities of management
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absence of methodical materials developed by the Russian banking community
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absence of resources for holding the events aimed at improving of corporate governance
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What are the main corporate governance problems in Russian joint-stock companies preventing them from attracting capital?
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Insufficient transparency for outer investors
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Inefficient protection of minority shareholders’ rights
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Inefficient control over management
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Concentration of property
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In your opinion, an Independent Director on the Board of Directors of a Russian company shall:
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represent minority shareholders ensuring the balance of interests
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be a professional in the branch contributing to business development
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possess an outstanding personality contributing to improvement of the company's image and bring in new clients and partners
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meet different requirements, follow the rules and recommendations, no matter who he is
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He has no place on the board as he is able to do nothing against the majority
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It it difficult for me to find an exact answer
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