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FOR IMMEDIATE RELEASE
January 11, 2005
  Contact: Scott Dunaway
(202) 482-5807

U.S. Department of Commerce and International Finance Corporation Release Russia Corporate Governance Manual

Washington D.C. - The U.S. Department of Commerce and International Finance Corporation (IFC) have released "The Russia Corporate Governance Manual." It will serve as a comprehensive guide to implementing good corporate governance practices in Russia.

Superior corporate governance contributes to the operational efficiency, reputation and competitiveness of a company. It helps to facilitate access to capital markets and to reduce financial risks. "The Russia Corporate Governance Manual" will serve as a practical tool for companies to accomplish these goals.

Intended for those involved in control of Russian open joint stock companies, the manual focuses on core corporate governance issues, with emphasis on Russian business practices. It offers practical tools and provides Russian government officials with an agenda for policy reform.

The manual is published in both English and Russian, and is available at /goodgovernance and www.ifc.org/rcgp.

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