Innovative Solutions for Improving the Quality of Corporate Governance in Russian Companies.

The article actualizes the need to improve the quality of corporate governance in the corporate sector of the Russian economy based on public joint stock companies with state participation. It also defines the role of the quality of corporate governance at the level of companies and the economy in general. Then it shows the backlog of corporate governance practice in companies with state participation as compared to the listed companies in the field of information disclosure, government and administrative performance, corporate social responsibility, ensuring the rights of shareholders. The authors of the present article analyze the results of an independent quality evaluation of corporate governance, focusing on implementation of the basic recommendations of the Corporate Governance Code of 2014. Then the article addresses the main aspects of corporate governance relating to the ownership structure and characteristics of shareholders' activity; information support for shareholders' general meetings; activities of the boards of directors; effective dividend policy and the role of the board of directors; auditing and internal control; remuneration of members of the board of directors and management board; assessment of investors' perception of the quality of corporate governance. The authors conceptualize new content on the agenda for the board of directors - examining priority activities and topical issues, the answers to which require innovative solutions given the onset of the fourth industrial revolution and technification of economy. The article also describes new formats of the board of directors' practices. In the end, it is concluded that it is necessary to use an innovative approach to improve the quality of corporate governance, which should become a powerful engine of growth for the Russian economy. [ABSTRACT FROM AUTHOR]