A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 195 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 83 countries worldwide, and 280 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, Spanish – t.me/RoscongressEsp and Arabic t.me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation:roscongress.org.

Roscongress Blog
21 August 2019
Alexey Nechaev
Alexey Nechaev on Corporate Governance in Russia and the Professional Directors Association (IDA)

Russian businesses are aware of and, to some extent, familiar with the topic of corporate governance in Russia: the formation of boards of directors, and the role of independent directors’ in this work. Regulators, such as the Bank of Russia and the Ministry of Economic Development, understand that corporate governance and well-structured boards of directors are crucial to businesses’ success. Corporate governance best practices are being implemented in the banking sector, in leading corporations and government companies, and in many major companies whose owners focus on international standards and stock market demands.