Research
Russian business "lawless" and bad for governance
One-third of British business leaders believe takeovers of
domestic companies by Russian firms may lead to a deterioration of corporate
governance and a decline in public trust, a poll conducted for
Russian Axis, a non-profit
organisation, has found.
Almost half those responding (47%) consider Russian
investment in the UK to be to some degree a “bad thing”. Furthermore, 62% of
respondents said they find Russian businessmen arrogant and 59% described them
as “lawless”.
This poll is unlikely to reassure those already concerned
about London’s light touch listing regime and the governance record of Russian
and Eastern European companies raising capital there.
However, a parallel survey in Russia found 62% of business
leaders to believe Russian expansion is a good thing for the UK, and 69% to
consider it a good thing for Russia.
Russian bosses also had a more sympathetic view of their
British peers: 95% said they were law abiding and 82% described them as
“reliable”.
Links
Russian Axis
May 2007
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