Современный портрет совета директоров российских публичных компаний

Гл. 2. С. 27–69.

Makeeva E. Y., Popov K.

Board of directors plays a crucial role within the corporate financial architecture framework. This governing body is responsible for monitoring managers’ performance and balancing interests of shareholders and other stakeholders. Corporate Board contributes significantly to the company’s long-term development by establishing strategic priorities using the unique resource of human capital accumulated by Board members – their knowledge and professional experience. With the introduction of massive sanctions in 2022-2023, the composition and priorities of Russian corporate Boards have changed significantly. Russian companies had to address the unique challenges while these challenges and options to adapt to “new reality” varied considerably for different industries. The authors of this chapter summarize key changes in Boards of directors of largest Russian public non-financial companies before and after 2022, putting an emphasis on human capital of independent and foreign Board members. The authors distinguish the characteristics of Board human capital in companies demonstrating superior financial resilience in the period of massive sanctions and restructuring of the Russian economy in 2022-2023. Additionally, the authors highlight key changes in corporate governance disclosure in the largest Russian public non-financial companies in the context of sanctions.

Keywords: корпоративное управление, человеческий капитал, совет директоров, corporate governance, санкции, board of directors, sanctions, human capital, финансовая устойчивость, financial resilience

In book

Российские корпорации на пути к антихрупкости. Финансовая архитектура компаний

Grigorieva S., Zhukova Y., Zavertiaeva M. A., Ivashkovskaya I., Kasatkina A., Kirpishchikov D., Kuzminov Y., Makeeva E. Y., Maksimov D. M., Novikova O., Popov K., Skvortsova I., Stepanova A. N. М.: Издательский дом НИУ ВШЭ, 2025.