MOSCOW, November 25 (RIA Novosti) - The Russian Economic Development and Trade Ministry is set to submit its mid-term draft concept of corporate governance until 2008 to the government next week, a senior ministry official said Friday.
Anna Popova, director of the ministry's corporate governance department, said at a roundtable meeting that the concept envisaged, in particular, new regulations aimed at fighting hostile takeovers that affect companies and shareholders.
"The first section of the concept includes several legal measures to prevent hostile business takeovers," she said, adding that the concept had been coordinated with interested agencies and experts.
Popova said the ministry sought changes to the legislation, including the Arbitration Code and the Tax Code.
She said the government would discuss the document December 8 but did not exclude the possibility that the date would be postponed.
