Committees On Human Resources And Compensations In Russian Non-Public State Companies

• Konstantin K. Pozdnyakov

Palabras clave: CEO, corporate governance best practices, human resources and compensation committee, incentive and compensation plan, top management

Resumen

To ensure the effective work of the Board of Directors in accordance with the best management practices, committees should function more effectively. In many mid-sized state companies, committees under the Board of Directors have mainly a decorative function and fail to provide the expected advantage. Hence, corporate control is decreased. Insufficient control (audit committee) and remuneration policy (HR committee) lead to adverse consequences. Based on own experience and world’s best practices, the author proposes means to improve the incentives in the sphere of corporate governance and the work of top management and Board of Directors in state companies.

Citas

Metodicheskiye ukazaniya po primeneniyu klyuchevykh pokazateley effe- ktivnosti gosudarstvennymi korporatsiyami, gosudarstvennymi kompani- yami, gosudarstvennymi unitarnymi predpriyatiyami, a takzhe khozyay- stvennymi obshchestvami, v ustavnom kapitale kotorykh dolya uchastiya Rossiyskoy Federatsii, suyekta Rossiyskoy Federatsii v sovokupnosti pre- vyshaet pyatdesyat protsentov [Methodological guidelines on using Key Performance Indicators in state corporations, companies, unitary enter- prises and business entities with more than 50 percent of public assets in their charter capital].

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