The Russian Oil Giant Yukos - When Business and Politics Collide |
ICMR HOME | Case Studies Collection Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
||||
ExcerptsYukos - Khodorkovsky's Early Days
Yukos - Turning Over a New LeafAs part of transforming its corporate governance practices, in 2000, Yukos adopted a Corporate Governance Charter, aimed at making the company a fully transparent corporation. It established an independent Board of Directors, with nearly half of the board being constituted by prominent international business leaders. Khodorkovsky occupied a permanent place on the Yukos Board. In 2001, Yukos also gained the distinction of becoming the first company in Russia to publish its financial statements (in US GAAP format), that too with retrospective effect (going back to 1997). The company also pioneered the practice of issuing regular quarterly reports (in US GAAP format) of its performance since 2001...
The government refused to accept these demands - Mikhail Kasyanov, the Russian Prime Minister, said, "All oil pipelines under construction in Russia will remain state property."... |
Case Studies Links:-
Case Studies,
Short Case Studies,
Simplified Case Studies.
Other Case Studies:-
Multimedia Case Studies,
Cases in Other Languages.
Business Reports Link:-
Business Reports.
Books:-
Textbooks,
Work Books,
Case Study Volumes.