IN SEARCH OF A MODEL OF EFFECTIVE MANAGEMENT, A RUSSIAN ENTREPRENEUR TALKS ABOUT THE "INDIAN WAY" OF ECONOMIC DEVELOPMENT A. V. NOVOSELOV Deputy General Director of SCM Holding for Corporate Development (Yekaterinburg) Our holding's interest in the international experience of corporate governance is not theoretical,but purely practical. About 6 years ago, the company's management decided to systematically introduce corporate governance methods at all enterprises included in the holding. The difficulty was that they all belonged to different industries and were at different levels of readiness to introduce new organizational and managerial forms. We immediately had to face two opinions regarding the construction of a corporate governance system. First, it is necessary to follow in detail and scrupulously the Western analogues (mainly Anglo-Saxon) of the management model and the recommendations set out in the documents of the Federal Securities Commission (FCSM). At that time, there was already a Russian Code of corporate Conduct, prepared by this commission on the basis of generalizing Western experience. The second opinion, on the contrary, suggested that Western management technologies in Russia are not organic, and you need to look for your own path, as they did in some Eastern countries. But if the theoretical basis for the first approach is easily accessible, well-organized, and rich in practical examples, then the search for your own model is thorny, difficult, and does not guarantee success. Nevertheless, we reasoned that we are interested not only in the experience of the United States and European countries where the market economy has existed for more than 300 years, but primarily in the experience of those countries that are either at the stage of market development, like Russia, or slightly ahead of us. Their chosen path is characterized as a "transition economy"or a " transitive economy". Of particular interest, we believe, is the experience of the BRIC ... Read more