Russian small- and medium-sized enterprises (SMEs) have repeatedly cited corruption as the main factor hindering their growth. In the 1990s and early 2000s, Russian entrepreneurs paid bribes for certain extralegal activities to secure an advantage over competitors, to induce bureaucrats to overlook infractions of the law, or to speed various regulatory or licensing processes. In the past several years, however, the dynamic has shifted radically, according to local experts who study the issue closely.

This report presents background information to participants of the OECD Russia Corporate Governance Roundtable organised for the 19th November 14 in Moscow, Russian Federation.

The report addresses the issue of related party transactions on an international scale and in Russia. It outlines the international context in which related party transactions are regulated across jurisdictions.

The ICCA continues to work closely with the Russian Compliance Alliance (RCA), whom it welcomed as its first official member to the B20 Collective Action Hub in late 2014, to promote the RCA’s Collective Action initiative.

The RCA's initiative is based on a non-commercial web-based self-evaluation questionnaire that seeks to create an international anti-corruption compliance standard for emerging economies, analogous to the ISO Quality Standards model.
 

Despite significant investment and anti-corruption capacity building in the past decades, "most systematically corrupt countries are considered to be just as corrupt now as they were before the anti-corruption interventions"(1). Statements like this are indicative of the frustration shared by practitioners and scholars alike at the apparent lack of success in controlling corruption worldwide and point to the need to rethink our understanding of the factors that fuel corruption and make it so hard to abate. 

The Basel Institute has been awarded two new research grants; one by the British Academy as part of its GBP 4 million global anti-corruption research scheme in partnership with the Department for International Development (DFID) in the context of DFID’s Anti-Corruption Evidence ('ACE') Research Programme; the second by DFID’s East Africa Research Fund (EARF).