June 2011 CFBE Chair Murray Attends St. Petersburg Forum

At the invitation of the Russian Government, CFBE Chair, Matthew Murray was invited to attend the St. Petersburg International Economic Forum in June. He was asked to participate in specific panels devoted to how to create new best practices of business conduct in Russia.

Mr. Murray was interviewed by Forbes magazine on how Russia may change foreign investors’ perception of risk and return in Russia. He emphasized that in order to gain the trust of foreign investors, Russia needs to implement Medvedev’s initiatives on allowing individuals and companies to bring claims directly against the state organs that engage in corrupt practices; reduce the size and role of state-controlled enterprises in the economy; and reduce the state’s heavy hand in regulating the economy, including ending the practice of law enforcement interfering in commercial disputes. For further reference, please see the article at CFBE Press section.