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The Role of Stock Markets in the Improvement of Corporate Governance and Corporate Social Responsibility

Author: Bela S. Bataeva, Dr. Sc. (Ec.), Assistant-Prof., Prof. of Corporate Governance Dprt.

Abstract: The article analyzes the influence financial regulators – international stock exchanges – exercise on the companies through the changes in the requirements for information disclosure. The author also evaluates how stock sustainability indexes, non-stock sustainability ratings, corporate governance and corporate social responsibility influence companies. In this context the author scrutinizes the changes in the listing requirements introduced by the united MICEX-RTS stock exchange as well as the practice of preparing ratings of Russian companies in the field of corporate governance, corporate social responsibility and non-financial reporting.

Key words: corporate governance; corporate social responsibility; financial markets; stock corporate sustainability indexes; non-financial reporting.