CFBE in the News

The Center for Business Ethics and Corporate Governance in the News.


March 2012 CFBE Founding Chair Murray named US Deputy Assistant Director of Commerce

The Center for Business Ethics and Corporate Governance is proud to announce the Presidential Appointment of its founding Chair, Matthew Murray, to serve as Deputy Assistant Director of Commerce for Europe and Eurasia



WASHINGTON – Assistant Secretary of Commerce for Market Access and Compliance Michael C. Camuñez today announced that Matthew Murray, an expert in Russian affairs and a strong leader in promoting good governance and anticorruption, will join the U.S. Department of Commerce’s International Trade Administration (ITA) as the Deputy Assistant Secretary for Europe and Eurasia on March 12.


Murray will be responsible for recommending, developing, and implementing policies and programs that promote U.S. economic and commercial relations with 52 European countries. He will also lead the Department of Commerce’s efforts to help solve trade policy and market access issues facing U.S. firms engaged in commercial activity throughout Europe and Eurasia.


“Matthew will bring deep expertise and years of important experience working throughout Europe and Eurasia in the public and private sectors and in civil society,” said Camuñez. “In particular, his deep expertise on Russia will be especially valuable as we deepen our commercial engagement there as the country accedes to the World Trade Organization.”


A native of Syracuse, N.Y., Murray most recently served as President of Sovereign Ventures, Inc., a risk management firm he founded to advise multinational corporations and multilateral institutions on how to reduce governance and corruption risk in Russia, Central Asia, and Eastern Europe.


Murray previously served as chair of the Center for Business Ethics and Corporate Governance in Moscow, and co-chaired the U.S.-Russia Working Group on Anti-Corruption and Institutional Integrity, an organization of U.S. and Russian non-government organizations formed at the behest of President Obama and President Medvedev to help the two nations cooperate to counter the transnational threat of corruption. In 2004, Murray co-authored the U.S. Department of Commerce’s Business Ethics: A Manual for Managing a Responsible Business Enterprise in Emerging Market Economies, which was published in Russian, Chinese and Spanish.  


ITA’s mission is to strengthen the competitiveness of U.S. industry, promote trade and investment, and ensure fair trade through the rigorous enforcement of our trade laws and agreements. For more information, please





August 22, 2010 Matthew Murray in Moscow News

On August 22, 2010, CFBE Chair Matthew Murray was interviewed by the Moscow News on the subject of how building trust can strengthen economic development. The interview is available in English only here.


April 2010 Matthew Murray Interview in Novaya Gazeta: “Business has a Choice”

Novaya Gazeta, one of Russia’s leading independent newspapers, recently interviewed Matthew Murray, CFBE Chair and Co-Founder, regarding our project to generate Russian best practices. The interview is available in Russian and English.


February 23, 2010: “CFBE Chair Matthew Murray Adds Insight to IKEA Case”, The Moscow News

IKEA Case Exposes Bribe Culture in Russia


The bribery scandal that erupted with the firing of Swedish furniture giant Ikea's top two managers in Russia has shone a spotlight on how foreign companies struggle to deal with the all-pervasive problem of corruption.

Per Kaufmann, Ikea's general director for Russia and Eastern Europe, and Stefan Gross, director for Ikea's shopping mall business in Russia, allowed bribes to be paid via a contractor to solve an electricity supply problem at its store in St. Petersburg, the company said in a statement after a Swedish tabloid newspaper broke the story, claiming it had e-mails detailing the bribes.