11.1. Form or Content: How Quality of Corporate Governance Affects the Economy

Thursday, May 17
10:00 - 11:30
Hall #6, General Staff Building (6-8, Dvortsovaya sq.)

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Regulation of corporate relations at all levels of social abstraction in the modern world (legal entity, sector of economy, state) directly affects the economy and investment attractiveness of separate holdings, industries, regions and the state as a whole.

Within the framework of Roundtable, it is proposed to discuss with experts issues of current regulation and practical application of law, as well as innovations in corporate legislation in Russia:

- assess how attractive for investments Russian companies are in the existing corporate regulation environment;

- reveal the impact of corporate maturity of the corporations on its market capitalization;

- compare the most recent Russian experience and impact of implementation of Russian Corporate Governance Code and the OECD recommendations with the experience and effects in other countries; to try to determine a positive impact of recent changes on the economy of the state;

- assess necessity of further development of regulatory environment in Russia towards additional information disclosure by corporations and increasing transparency (the bill on disclosure of non-financial statements, information rights of the board of directors members)

- assess effectiveness of the business risk management model for the Russian economy by means of increase of legal liabilities for members of the company’s corporate bodies, merging the boundaries of liabilities of legal entities within the holding company and diluting the criteria of “cohesion” (“affiliation”) and “influence”, introducing the concept of “controlling person/entity” and its additional responsibility.

The event will be interesting for investment funds, rating agencies, securities professionals, banks, lawyers and professional consultants, public and private companies, representatives of the regulators (Central Bank of the Russian Federation) and public agencies and ministries (Ministry of Economic Development, Ministry of Justice, Federal Antimonopoly Services, Federal Agency for State Property Management), law enforcement agencies, judges, deputies, and general expert community.

Moderator

Mikhail Kazantsev

Deputy Director General - Head of the Unit of Corporate and Property Relations, JSC Rosgeologia

Speakers

Irina Baichorova

Managing Director, Bank of New York Mellon

Arkadiy Krasnikhin

Partner - Head of M&A and corporate practice, Egorov Puginsky Afanasiev & Partners

Biography

Arkady Krasnikhin’s areas of practice include corporate law, M&A and finance. He has extensive experience in representing major Russian and international clients in mergers and acquisitions, structuring complex corporate and financial transactions, and providing day-to-day legal support.

Graduated with honours from the St. Petersburg State University School of Law and obtained an LL.M. degree from New York University.

Arkady is a member of the St. Petersburg Bar Association and is licenced to practise in the State of New York.

Elena Kuritsyna

Director Corporate Affairs Department, Bank of Russia

Ekaterina Salugina-Sorokovaya

Director of Department for Finance and Banking Activity and Investment Development, Ministry of Economic Development of the Russian Federation

Biography

Ph.D., Diploma in law, State University - Higher School of Economics.

2006–2014 – The Presidential State-Legal Directorate, Presidential Executive Office.

2014-2015 – Adviser for The President on legislative projects, The Federal Chamber of Notaries (FCN).

2015-2016 – Deputy Director, Public relations Department, The State Corporation Deposit Insurance Agency.

2016-2017 – General Director, International and Comparative Law Research Center.

2017 – to date – Director of Department for finance and banking activity and investment development, Ministry of Economic Development of the Russian Federation.

Elena Sapozhnikova

Partner, UCP Investment Group

Sun Kyung Shin

Head of Europe Committee of the Seoul Bar Association, Attorney-at-Law - Managing Partner of LIWU Law Group in Seoul

Biography

Practice Areas

Riley Shin is a managing partner at LIWU Law Group. Ms. Shin heads the corporate advisory team of LIWU. Ms. Shin’s practice focuses on M&A, cross-border investment, IPOs, international securities offerings, a wide range of securities transactions (block trade, OTC, securities lending and borrowing, etc.), advising clients on financial regulatory laws and corporate governance. Since 2001, Ms. Shin has advised in most of the major outbound equity capital market deals in Korea. She also has substantial experience in international dispute resolution through arbitration acting as counsel for major corporations. She draws upon her extensive experience in finance and corporate work to advise clients on all aspects and implications of commercial disputes, and to craft practical strategies for resolution which truly address the client’s business needs and interests. She serves as arbitration counsel in both institutionally administered and ad-hoc arbitrations throughout the Asia-Pacific region.

Ms. Shin worked as partner at Shin & Kim from 2001 to 2016, and as an associate at Cleary Gottlieb Steen & Hamilton LLP in their New York and Hong Kong offices from September 2007 to July 2009.

Notable Capital Market Deals

Future Data Group’s Hong Kong IPO (2016)
YoungOne Corporation’s GDR issuance (2013)
Mando IPO (2010)
SK C&C IPO and Jinro IPO (2009)
IPOs of ADRs on Nasdaq byGravity and WiderThan (2005)
LG Philips LCD’s concurrent dual listing in Korea and New York (2004; the first concurrent dual listing by a Korean issuer, and which was awarded IFLR Asian Equity Deal of the Year 2005 and the IB Grand Prize - Best Law Firm Award by Money Today in 2005)

Education

Stanford Law School, LL.M., 2007
Seoul National University, College of Law, LL.B., 1999

Membership

New York State Bar Association (2008)

Korean Bar Association (2001)

Irina Shitkina

Professor of Business Law Department, Lomonosov Moscow State University

* The Programme may be subject to change