Declaration
of Integrity
in Business Conduct in Saint-Petersburg



Center News archive.


June 9, 2005, St. Petersburg

The international conference "Corporate governance, social responsibility and business ethics. The role of business in the present-day society" took place in the Renaissance St. Petersburg Baltic Hotel. The conference was organized by the Center for Business Ethics and Corporate Governance in cooperation with the Russian Institute of Directors, Independent Directors Association, with support of the Leningrad Region Chamber of Commerce and Industry and the USA-Russia Center for Entrepreneurship.

The conference was final on the “Accountability for improving corporate governance” project, which has been worked out by the Center for 2 years and was a part of the USAID program on corporate governance improving in Russia.

The agenda included the following questions:
Trends in Worldwide Corporate Governance, Social Responsibility and Business Ethics Developments;
Toolkits of the corporate governance improving system ;
Presentation of the project results;
Future development of the corporate governance in Russia;

The speakers were representatives of the Center for Business Ethics and Corporate Governance, the Russian Institute of Directors, the Independent Directors Association, representatives of the project participants.

Download presentations >>>

Press-release >>>
Agenda >>>


Learn how to harness Corporate Social Responsibility to accelerate your company's growth and profitability.
The conference was hosted by the Ethical Corporation and took place on June 7-8 2005 in Hotel "Astoria", St. Petersburg, Russia.
The United Nations Global Compact in New York and UNDP in Moscow offices was working closely with Ethical Corporation on this conference.
The event focused on how companies in Eurasia can practically work on improving their social, environmental and corporate governance practices and how they can contribute through collective action to the Millennium Development Goals.
Agenda >>>

May, 11 - 13, 2005.
The Center for Business Ethics and Corporate Governance, with the support of the regional department of the FSFR in the North-West region, organized a course by the Russian Institute of Directors, entitled “The Corporate Secretary.” The course was conducted within the framework of the “Accountability for Improving Corporate Governance” project, which was financed by USAID for the second time.

If you prepare annual shareholders meetings, ready information for members of the Board of Directors or organize sessions for the Board of Directors, or participate in the preparation of annual reports – this course is for you!

25 companies had possibility of receiving free training for their corporate secretaries.

The course was read by the best specialists of the Russian Institute of Directors.

Agenda >>>


April, 29, 2005
The seminar “ Information disclosure for securities market. First quarter obligatory reporting and the Code of Conduct recommendations” took place. The seminar was organized by the FFMS Regional Department in the North-West region. Svetlana Kazanskaya, project director and Ulyana Bashkina, project analyst, have presented the electronic model of reporting about corporate governance.

Agenda >>>
More about the electronic model of reporting about corporate governance >>>

March, 14 - 19, 2005.
The Russian Institute of Directors (Moscow) held a six day training course "Corporate Director" in Saint Petersburg Renaissance Baltic Hotel.

The Russian Institute of Directors (Moscow) developed this special course on the standards and practices of corporate governance for members of the Board and top-managers.
More >>>

February, 28, 2005.
The Center for Business Ethics and Corporate Governance and the Leningrad Region Chamber of Commerce and Industry had conducted the seminar entitled “Corporate Governance Code: To have or not to have?” 22 representatives of the companies took part in the seminar.

January, 25, 2005.
The Center for Business Ethics and Corporate Governance conducted international conference entitled “Investment and Corporate Governance”

Conference brought together over 150 participants that include government officials, corporate governance experts, representatives of St. Petersburg business community and representatives of international and Russian financial institutions. Senior Managers of largest investment funds and companies, such as Westminster Securities, IFC, Overseas Private Investment Corporation (OPIC), The Carlyle Group, European Bank Reconstruction and Development spoke about trends in worldwide private equity and venture capital investment, why corporate governance is important for investors and answered questions concerning the requirements.
Agenda >>>

On November 1, 2004 the Center's Chairman Mr. Matthew Murray became an arbiter of the United Committee on Business Ethics of the Russian Union of Industrialists and Entrepreneurs.
List of arbiteres >>>


The Center has become an informational sponsor of the International conference “Corporate Ethics and Globalization”, organized by the “Central European Exhibitions” LLC on April, 19 - 20, 2005, in Moscow.

If you have any questions concerning participation in the conference or need additional information please contact the conference's organizing committee.

Tel. +7(095)5141370, +7(095)5141371
e-mail: info@expocee.ru
www.infor-media.ru


December, 9, 2004.
The U.S.- Russia Center for Entrepreneurship, the Independent Directors Association (IDA), the Center for business Ethics and Corporate Governance conducted the seminar “Corporate Governance: the success key”, which took place in the Radisson SAS Royal Hotel in St.Petersburg on December 9, 2004. This seminar has been developed together with Paul Curis, an American expert on the corporate governance issues as well as Alexandr Filatov, the IDA director. The seminar will be lead by Mr.Filatov.
The seminar's aid was to help the entrepreneurs to develop and realize in practice the corporate governance problems-solving. It has to give a view of the effective corporate governance common practice so that the entrepreneurs could develop the mostly useful for their companies systems.
The enclosure contains more detailed information on seminar. If you have any questions, you may look for information at the U.S.- Russia Center for Entrepreneurship web-site.
U.S.- Russia Center for Entrepreneurship web-site.

November, 19, 2004.
Center For Business Ethics and Corporate Governance together with the International Management Institute of St Petersburg (IMISP) organized the seminar titled “Effective work of the Boardroom. International practice”.
The main speaker was Ms.Debra Nelms, the founder of Network Search Inc., a consulting and executive search firm focused on Board Program offerings and Board Placement.

Download Debra Nelms presentation >>>

November, 16, 2004.
The international workshop “BALANCING THE BOARDROOM: ROLE OF WOMEN IN COMPANY MANAGEMENT”

The conference was carried out within the framework of the project “Accountability for Improving Corporate Governance” financed by the United States Agency for International Development (USAID). The Association of Independent Directors, the US-RUSSIA Business Forum and the Center for Business Ethics and Corporate Governance organized the conference.
Participators of the conference included Russian and international experts on corporate management, members of different boards of directors, and top-managers of leading companies working in the Russian market.
During the conference the following issues were presented and discussed:
*Presentation of research done by the Association of Independent Directors on the problem of balancing the boardrooms of Russian companies and the recommendations produced on its basis.
* Types of boards of directors and an estimation of their efficiency.
* Ways to increase the efficiency of boards of directors.

Download presentations (in russian only) >>>


November, 10, 2004.
A round-table organized by Center for Business Ethics and Corporate Governance and US-Russia Business Forum together with the Independent Directors Association for the IDA and NAUFOR members as well as the Center's project participants was held in Moscow.

The main speaker was Robert Strahota, Assistant Director of the US Securities and Exchange Commission's Office of International Affairs.


Mr.Strahota has discussed the following issues: last changes in the corporate governance legislation - Sarbanes/Oxley Act; information disclosure problems; broker-dealer capital requirements and risk management procedures.

Robert Strahota presentation >>>
Agenda >>>



October, 21, 2004.
A section titled “The role of women in the corporate governance” organized by CFBE in the frame of the international conference “Women changing the world” was held.

More than 40 people participated in the work of section, among them were specialists from: the CFBE, International Finance Corporation, US-Russia Business Forum, Independent Directors Association and others.

Workshop site >>>
Program >>>


October, 19, 2004.
A round table organized by Center For Business Ethics And Corporate Governance and USA-Russia Business Forum together with American Chamber of Commerce was held. Mrs. Paulina McGroarty, Director for NASDAQ operations in Russia and CIS countries participated in the round table.
Mrs. Paulina McGroarty spoke about the NASDAQ plans to establish long-term relations with Russia and answered questions concerning benefits of listing in the US and on the NASDAQ in particular.

In the September number of “Joint-Stock Company: issues of corporate governance” magazine there is published an article by the Project director of CFBE Svetlana Kazanskaya and the Project analyst Ulyana Bashkina “Dragons and Tigers – Corporate Governance in Asiatic Conglomerate of Companies”.

September, 27, 2004.
An agreement of cooperation has been signed between Center For Business Ethics And Corporate Governance and Leningrad Chamber of Commerce and Industry. The parties have agreed to hold jointly seminars, workshops; to prepare analytical materials.

September, 6, 2004.
An article of Alla Vinnik, Director of the Center for Business Ethics and Corporate Governance, "Experience of intersector cooperation in the sphere of social problems solution. American practice." Comments on two-week internship in the USA in the frame of USAID program "Intersector cooperation in the sphere of development of microregions and local community" >>>

September, 3, 2004.
An agreement on cooperation between the Center for Business Ethics and Corporate Governance and Ñenter of Enterpreneurship USA-Russia was signed. In the course of this cooperation joint round tables and workshops, dedicated to the business development and governance, will be held.


On July 20, seminar "Internal Audit within the Company: Russian and International Practice" were held.
Seminar was supported by Institute of Internal Auditors and Institute of Professional Directors
Target audience of the workshop are members of the Boards of Directors, General Directors, Financial Directors, Heads of Internal Audit Services, Heads of Revision Departments, Heads of Internal Control Services.
Seminar Agenda >>>

On July 14, a meeting of St. Petersburg Governor Valentina Matviyenko with members of American Chamber of Commerce took place. Top managers of the Center for Business Ethics and Corporate Governance Alla Vinnik and Matthew Murray handed in a Business Ethics Manual for Russia, Independent States and Eastern Europe.

The Center assisted the Department of Commerce in creating and translating the book, aimed at helping the private sector, non-governmental organizations and public officials, holding high positions in Russia, CIS and Eastern Europe, to implement strategies and programs in ethics.


On June 18, the Center for Business Ethics and Corporate Governance with the support of US Consulate General in Saint-Petersburg and with participation of Russian Institute of Directors and International Finance Corporation held the conference “Development of Business Through Improving Business Ethics and Corporate Governance”.
Learn more >>>


June 1, 2004 - American Chamber of Commerce and Center for Business Ethics and Corporate Governance held a roundtable titled “Corporate Social Accountability. Russian and American Practice”. The main speaker was Mr. Aron Cramer, executive director of the world’s biggest non-profit organization “Business for Social Responsibility”. Participation in the event was free.
Agenda >>>

May 19- 21, 27 - 29, 2004 - The Corporate Director - a training course offered by the Russian Institute of Directors (RID). The course was held in St. Petersburg at the Grand Hotel Europe. Upon completion of the training participants was presented with a RID certificate. 12 companies was invited to participate free of charge! Preference was given to: - companies who have completed and sent us the  Self-Assessment Matrix (SAM), pilot companies, open joint stock companies.
To view the training course agenda please visit the RID website >>>


April 21, 2004 - Conference, Syktyvkar, “Good Corporate Governance: Russian and Foreign Practice.” Organizational committee: A.P. Shichverdiev, Committee Chairman, Doctor of Economic Science, member of the Russian Academy of Natural Sciences, Head of Economic Theory and Corporate Governance Department of Syktyvkar State University, and member of the Collegium of Property Management in the Ministry of Komi Rebublic; Representatives of the Center for Business Ethics and Corporate Governance; B.P. Kuznezov, Property Management Minister of Komi Republic; B.N. Zadorozny, Doctor of Economic Science, professor, and head of Syktyvkar State University; C. Manasaraynz, President of Komi Republic Chamber of Commerce and Industry; B.B. Ermakovich, chief representative of Komi Republic Department of FCSM.

April 16, 2004 - Seminar “Owners and Managers: How to Split Authority?”
Location: US Consul General’s Residence, St. Petersburg.
Provisional agenda>>>


April 14, 2004 - Vedomosti and the Association of Independent Directors invite owners and managers to take part in the upcoming conference: Owners and Managers: How To Split Authority”
Press release>>>


April 13, 2004 - "Manager-Owner Relations: Western Practice" roundtable will be held at the Marriott Hotel in Moscow. This event is organized with the financial support of USAID by the Center for Business Ethics and Corporate Governance, the US–Russia Business Forum, and the Independent Directors Association.
Program>>>


March 29-31, 2004 - “Corporate Secretary” training program conducted by the Center for Business Ethics and Corporate Governance and the Russian Institute of Directors (RID) at the Grand Hotel Europe in St. Petersburg. This program was a part of the “Accountability for Improving Corporate Governance” project, financed by the US Agency for International Development.

March 18, 2004 Joint Stock Company: Corporate Governance Issues magazine, Issue 2(9), 2004 runs article “Shareholders of All Nations Unite! Latest Developments in the Protection of Shareholders’ Rights in OECD Countries” by Ulyana Igorevna Bashkina, Project Analyst, The Center for Business Ethics and Corporate Governance. The article examines the roots, history, and latest trends in shareholders’ rights issues in OECD countries.

March 16, 2004St. Petersburg Times runs article "Teaching Business Ethics if Code is Not Law".

February 26-27, 2004 “Organizations of the 21st Century: Strategic Challenges and Competitive Advantages” A national conference held in St. Petersburg, organized by corporate governance magazine Personell Mix and the St. Petersburg State University Department of Management. Included in the conference agenda is a section “Good Corporate Governance: Competitive Advantage for the Future” organized by the Center for Business Ethics and Corporate Governance.

February 12, 2004 – Luncheon held at US Consul General’s residence in Saint Petersburg, organized jointly by US Consulate and the Center for Business Ethics and Corporate Governance.

Present at the luncheon are: Consul General Hughes, USAID Director Terry Myers, Principle Commercial Officer/Consul William Czajkowski from the US Commercial Service, CFBE Chairman Matthew H. Murray, CFBE Director Alla Vinnik, and CFBE Project Director Svetlana Kazanskay.

Representing business are: A.N. Lichachev, CEO of Lenenergo; G.A. Makarov, CEO of Sevkabel; P.G Semenenko, CEO of Kirovsky Zavod; A.N. Adrianov, Finance and Economy Director of Severstal; and Steven Dereck, Human Resources Director of Svetogorsk.

Svetlana Kazanskaya and Alla Vinnik present Self Assessment Matrix (one of the project deliverables) and introduce the new term, “Triple Bottom Line Reporting.” Participants discuss social responsibility and its impact on business development and investment, and share their experience and practices in this area.


February 4, 2004 – Seminar on corporate governance issues and FCSM Corporate Governance Code held in Archangelsk, organized by CFBE and the Archangelsk Chamber of Commerce and Industry, with the participation of the IFC. In attendance are representatives of the 18 biggest companies of Archangelsk (Northern River Steam Navigation, Solombala Pulp and Paper Mill, Archangelsk Milk Company, Archangelsk River Port, and others). All participants of the seminar receive copies of FCSM Corporate Governance Code.

January 27, 2004 – Information on companies conducting corporate governance training will soon be available on our web site.

Also appearing soon on our “Library” page will be recent research, articles and publications on corporate governance issues, as well as annual reports from companies in the midst of corporate governance reforms.

If your company is conducting training programs and research, or acts as an example of best corporate governance practices, we would like to feature you on the site. Please send us published information or links. The posting of information on our site is a free service.

January 13, 2004 – "Nevskoe Vremya" runs article, “Luxury or Necessity,” about our seminar “Corporate Governance in Russia: Luxury or Necessity?”

December 29, 2003 – Business weekly "Economika i Vremya" runs article “Thou Shalt Not Hurt the Company’s Reputation” about seminar “Corporate Governance in Russia: Luxury or Necessity?”

December 25, 2003 – "The Moscow Times" publishes article “Finding a Common Language With Putin.”

December 19, 2003 – "St. Petersburg Times" runs article “Russia Forges Own Ethics” about our December 17th seminar:

“’Corporate governance is a concept that can help a company make money… and make it honestly,’ Matthew Murray, president of Sovereign Ventures, Inc., told participants in a seminar on the topic Wednesday…”

December 18, 2003

- READ ALL ABOUT IT! Materials from the seminar “Corporate Governance in Russia: Luxury or Necessity?” are available on our web site. Keep an eye out for updates!

- "The Moscow Times" runs article “Business Ethics Guru Cuts Through the Fog.”

December 17, 2003 – Seminar “Corporate Governance in Russia: Luxury or Necessity?” is held at the Department of Management of St. Petersburg State University with more than 60 participants. There is overwhelmingly positive feedback on both the structure of the seminar and its timely themes, and most participants indicate they are eager to attend future seminars on business ethics and corporate governance.In addition, themes for future seminars are devised based on feedback and brainstorming and will be posted on our site in January, 2004.


December 15, 2003 – Representatives of 80 different companies confirm their participation in the upcoming December 17th seminar.

December 11, 2003 – Representatives of 45 different companies confirm their participation in the upcoming December 17th seminar.

November 20, 2003 – The Center for Business Ethics and Corporate Governance signs cooperation agreement with the Republic of Karelia Chamber of Industry and Commerce. The purpose of this agreement is the promotion of corporate governance practice and compliance with the FCMS’s Corporate Governance Code. Both sides pledge their commitment to solve the vital problems in these areas.

November 18, 2003
- Svetlana Kazanskaya, project director of the Accountability Project, and Anna Archangelskaya, Director of the US-Russia Business Forum in Moscow, take part in Second National Congress of Professional Corporate Directors, organized by Russian Institute of Directors.

- "St. Petersburg Times" runs article “Business Guru Sets Example” about CFBE Chairman Matthew H. Murray.

- Business weekly "Economika i Vremya" runs article “Corporate Governance Code Should Be Respected As Criminal Code”.

November 13, 2003 - Seminar “New Legislative Norms for Joint-Stock Companies and the Securities Market” held in Syktyvkar, Komi Republic.

Seminar organized by:
• Office of the Authorized Russian Federation Presidential Representative in the North-West Region;
• Komi Republic Government;
• North-West Regional Branch of FCSM;
• The Center for Business Ethics and Corporate Governance;
• Non-Profit, “Komi Republic Securities Market Development”.

November 12, 2003 Moscow Representative of US-Russia Business Forum Director Anna Archangelskaya, in cooperation with the Northern Chamber of Commerce and Industry (Murmansk) gives presentation on the CFBE/US-Russia Business Forum project “Accountability for Improving Corporate Governance in Russia.”

November 04, 2003 – Press Department of Stock Exchange Saint Petersburg issues statement: ”Cooperation agreement signed yesterday by Stock Exchange Saint Petersburg and the Center for Business Ethics and Corporate Governance.

“The main purpose of the agreement is the promotion and implementation of the FSCM Corporate Governance Code, the development of capital markets, and attracting investment to the North-West Region. Under the agreement the two parties pledged to conduct periodic seminars on implementing corporate ethics standards, disclosure, and compliance with the law.

“A central part of the agreement is the joint-sponsorship of seminars, roundtables and conferences on vital capital market issues, as well as collaboration on capital market studies and analytical marterials.

“The Center for Business Ethics and Corporate Governance was founded in 2000 in Saint Petersburg. Its main activities are consultation, seminars, and training in corporate governance practice, Code compliance, and reporting issues.”
- from Delavoi Petersburg

December 17, 2003 – CFBE plans to conduct one-day seminar as part of its projects: “Training Needs Assessment For Improvement in Business Ethics and Corporate Governance” and “Accountability for Improving Corporate Governance in Russia.”

This seminar will be held in cooperation with the North-West Region Department of FCSM.

October 20, 2003 – The Center for Business Ethics and Corporate Governance signs cooperation agreement with the North-West Region Department of FCSM to promote and implement the Corporate Governance Code, and to strengthen the skills of specialists, managers, and issuers. Both sides agree to work together to develop seminars, conferences and to produce analytic materials on capital markets.

October 8, 2003 - Seminar held in Saint Petersburg, “Using The Stock Market As A Tool to Attract Investment.” Included in the event is a roundtable, “Organizing Your Company’s Finances to Attract Investment,” attended by representatives Web-Invest Bank, the Joint-Stock Company “Lenenergo,” “VneshTorgBank,” Stock Exchange Saint Petersburg, and the Center for Business Ethics and Corporate Governance. CFBE director Alla Vinnik delivers speech “Improved Corporate Governance As a Means for Increasing Market Value: Russian and Foreign Practices”.

September 24, 2003 – Presentation “Disclosure of \Corporate Governance Practice by Russian Companies and Compliance With the FCSM Corporate Governance Code” delivered to roundtable at the Hotel Baltschug Kempinski in Moscow by the Russian Institute of Directors. The presentation is a result of research conducted by the Russian Institute of Directors (RID), the National Association of Independent Directors (NAID), and the Center for Business Ethics and Corporate Governance (CFBE), within the framework of the Accountability Project.

In attendance are representatives of the National Council for Corporate Governance (NCCG), FCSM, the Ministry of Property Management, the Ministry of Economic Development and Trade, the Ministry of Energy, the United States Agency for International Development, the International Financial Corporation (IFC), the Center for Business Ethics and Corporate Governance, as well as representatives from large issuing entities and the mass media.

September 22, 2003 – Business weekly Economika i Vremya runs article “Business Ethics No Longer Exotic for Russia.”

September 8, 2003 - Delovoy Petersburg runs article “America Helps With Corporate Governance” about the Accountability Project.

September 1, 2003 – Ten corporate governance Training Needs Assessment questionnaires collected. Nearly all respondents express a need for further education in corporate governance.

August 1, 2003 - CFBE starts Training Needs Assessment in corporate governance data collection. (TNA). Invited to participate are public joint stock companies and other companies interested in improving management and gaining access to international markets.

July 18, 2003 – The Saint Petersburg State University Department of Management hosts first roundtable for the Accountability Project, on the subject of Training Needs Assessment in corporate governance. The seminar is organized by the Center for Business Ethics and Corporate Governance and the US-Russia Business Forum. Attending the seminar are representatives of Caterpillar – Tosno, “Vibrator”, Ilim Pulp Enterprises, Lenenergo, Electrosila, Petersburg Oil Terminal, Hlebny Dom, USAID and IFC. All those present expressed a need for special training in corporate governance, and confidence that such training would have great impact on individual companies and the Russian economy as a whole.

 

     


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