This book examines corporate governance through a holistic lens that integrates financial, social and environmental goals, e.g. increasing transparency and disclosure. In addition, it investigates the theoretical assumptions guiding the current corporate governance practices adopted by companies in Central Europe and Russia. The book presents a dynamic study on the evolution of corporate governance systems, which were practically non-existent just 30 years ago. In turn, it addresses criticism leveled at corporate governance, its impact on the outbreak of the financial crisis, and recommendations for changes after the crisis. The book employs a regional focus, exploring a group of countries that have often been neglected in corporate governance research. Carefully selected data and a variety of case studies prepared by leading authors from the region provide evidence to support the analysis.

Exploring the Issue of Corporate Governance in Central Europe and Russia: An Indroduction

Part I: Mechanisms and Structures
Ownership Concentration and Performance of Privately-Held Firms with Multiple Owners and the Moderating Effect of Managerial and Corporate Ownership: Evidence from Post-Socialist European Countries.- Corporate Transparency and Internal Audit/Control as Investor Protection Tools in the Opaque Russian Market.- Audit Committees in Supervisory Boards of Polish Public Companies: Theory, Practice and Regulations.- Corporate Control Market: Russian Practice.- Part II: Best Practices and Standards.- Stakeholder Value Assessment: Attaining Company-Stakeholder Relationship Synergy.- Evaluation of Operational Management and Corporate Governance Quality in State-Owned Enterprises in Russia.- Progress of the Corporate Governance Practice in Russian State- Owned Companies.- Corporate Governance in Bulgaria.- Compliance with Corporate Governance Best Practice: The Evidence from Polish Listed Companies.- Part III: Regulation.- A View on Corporate Governance in Romania: Regulation and Effects.- Corporate Sector in Russia: What Happened and What Is Ahead Analysis.- Development of Corporate Governance in Ukraine: Legislation and Practices.- The Influence of Regulations on SOEs: The Perception of Polish SOEs' Board Members.- Efficiency of Legal Framework for Corporate Governance in the Republic of Moldova.