Thursday, October 28, 2010

Corporate governance System in Russia Influenced by USA, UK and other countries

Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, management and the board of directors. Other stakeholders include employees, suppliers, customers, banks and other lenders, regulators, the environment and the community at large.

Topic :
Corporate governance in Russia Relation to USA. Coporate Governance system in USA, and how/ why Russia wants This kind of government .

Russia, USA, other countries, foundation of OECD( Organisation for Economic Co-operation and Development ), Federal Securities Commission (FSC), Enron scandal

The US, with its highly developed corporate governance system, had to extensively revise its rules and regulations in 2002. While the Enron scandal provided the main impetus, other mounting problems had made it clear that the balance of power in many US corporations had shifted to management, often aided by supportive boards of directors. Russia’s new code of corporate conduct appears to have borrowed substantially from the US in specifying the standards for many areas of corporate governance. the US has been viewed as a world leader in effective corporate governance practices and transparency, with strong laws and tough enforcement, particularly by the Securities and Exchange Commission. In addition to such legal requirements and restrictions, individual stock exchanges including the New York Stock Exchange and Nasdaq have their own standards and requirements. In contrast, the listing rules of the German Neuer Markt do not mandate specific corporate governance structures or practices. Although the initial international influences on Russia’s corporate governance system came from international organizations and from the US, the system might well begin to show more signs of being influenced by other countries.
I think this topic is really cool, esp. learning about the Corporate governance
system in USA, and how Russia also want This kind of government .

*****I am still working with the other sites that I found, which was more helpful to me and more clear on my topic.*************

Thursday, October 21, 2010


McCarthy ,Daniel  and Puffer, Sheila.Corporate Governance in Russia: towards a European, US, or Russian Model?European Management Journal. Northeastern University, Boston, USA. 27 November 2002.

De Boyrie ,Maria E. and Pak, Simon J. and Zdanowicz, John S. “Estimating the magnitude of capital flight due to abnormal pricing in international trade: The Russia–USA case.” Accounting Forum.  New Mexico State University,USA, Penn State University,USA, Florida International University, Miami, FL, USA. 13 May 2005.

******still working on other sources********

Thursday, October 14, 2010

Russia and USA relation (websites and info.)

(1)Corporate Governance in Russia: towards a European, US, or Russian Model?
-This article is about how Russia have multiple of government system which falls in to both USA and European government system. This is very interesting article; it would be very helpful for my research because it involves USA and how Russia is influenced by USA government system. It also has all recent data about how Russia is influenced by other countries.

(2)Russian Immigrant Cardiovascular Risk Assessment
- These two articles only have a little bit of information about immigration to USA from Russia, but I still believe this source would be very helpful.

(3) Estimating the magnitude of capital flight due to abnormal pricing in international trade: The Russia–USA case
-This article is about Russia Trading relationship with USA and  it also involves
Governmental and international lending agencies. The  also  tells us about international trade that involves import/export transactions between the U.S. and Russia.
Highlight words : Auditing; Capital flight; Imports/exports; Trade; Transfer pricing; Tax policy; Regulation; Globalization ( have very importand information about Russia and USA relation, very useable information that would be need in the research)

(4)Information about Russia to help me learn more about  Russia so It’s easer for me to understanding the other texts I’m reading.

Tuesday, October 12, 2010

Flim "Heart and Mind" (Vietnam War)

The flim " Heart and Mind" is a documentary made in 1974 based on the Vietnam War directed by Peter Davis. In This flim we saw the epic documentaries of what really happened in the Vietnam War, which took place in Vietnam from 1960's to 1970's. While America was trying to live with pride at the same time people in Vietnam was suffering. As we saw it in the flim that to American People at that timeVietnam was seen as a toy that Americans can play with. As if Americans can do anything they want to Vietnam without paying any price for what they did or do. The American soliders treated the Vietnamies very poorly, they didn't have any respect for any people of Vietnam. Some soliders from the American Army didn't even know what they were doing, and they didn't even know the purpose of the War. Some soliders said that they were just there to do their job.The Americans made them suffer every way possible. The childrens were dieing, there was dead people eveywhere, the soliders were just shoting at anyone they see, there was poision spray, and bombing that killed millions of Vietnamies and their homes for no reason and people with injuries were walking around everywhere. This war was a disaster, and Americans got involved in this war without any solid reason. This Flim have opened my eyes of what America is really like and how power can turn you very evil over time. This film also pointed out of how America is seen to the world and how the world is seen to America as being the most powerful Nation in the world.