The RSPP proposed introducing criteria for external management of assets of Western companies

The Russian Union of Industrialists and Entrepreneurs (RSPP) proposes to develop clear criteria for the introduction of external management in the domestic assets of Western companies, as well as how effectively new managers conduct business, said the head of the RSPP, Alexander Shokhin. He is quoted by TASS.

A representative of a large Russian business pointed out that now there are essentially no such criteria, with the exception of companies belonging to residents of states unfriendly to the Russian Federation. Shokhin recalled that at first the transfer of Russian assets to Western companies was of a mirror nature, applied in response to similar actions in relation to domestic businesses abroad, and, in his words, “it was clear then.”

Speaking about the quality of external management of foreign businesses in Russia, he noted that “there are successful examples when we know for sure that these assets are managed by effective managers, but there are also designs that are not yet entirely clear.” “Because we also don’t have criteria for the effectiveness of this management. They should be introduced,” Shokhin concluded.