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Vladimir Putin signed a list of instructions following a meeting on improving the efficiency of state corporations, held on December 9, 2014.
Instructions to the Government of the Russian Federation concern, in part, the drafting of regulatory documents governing activities of state corporations, state companies and certain open joint stock companies. A list of these documents should include regulations on improving investment and operational efficiency and reducing expenditures; a provision on internal audits; a provision on quality management; a provision on risk management; and a provision on procedures for developing and implementing innovative development programmes.
The Government has also been instructed to ensure that corporations, companies and joint stock companies submit reports on the implementation of long-term development programmes and on achieving key efficiency indicators along with documents that are prepared for annual general meetings.
December 27, 2014