Роль совета директоров в российских растущих компаниях: опыт АФК "Система", часть II
The paper continues the research published in issue № 1б 2015 of the Russian Management Journal and based on the large-scale case-study of joint stock company “Sistema”. The attention focuses on the key issue of the case-study – the evolution of a Board of directors in growing company. We revealed that the transition to the new business model from operational holding company to investment one accompanied by the strengthening of the role of the Board of directors in strategic decision making and recruiting independent (mainly foreign) directors to the board in this company. The paper presents personal directors’ investment into company development and discusses the issues of communications and motivations connected with Board’s strengthening as well.