Expert Cites Problems With Corporate Governance in Russia: The Case of Norilsk Nickel

The Business Insider reports that  the country’s largest corporations are starting to resemble the nearly-forgotten Soviet economic plants.

The editorial is quoted as saying,

Delyagin compares the top managers of the Russian miner Norilsk Nickel to those of BHP Billiton, who boast excellent education in the corresponding fields or extensive industry experience and have advanced degrees from top institutions and notes that lack of Norilsk managers’ experience has led to the array of problems for the miner, such as undercover deals, siphoning money from the company, neglect of safety regulations and social obligations and even making the town of Norilsk an ecological disaster.

For the complete editorial, click here.