Formation in the Russian Federation of a modern innovative economy is currently the most important task at hand; and development institutions contribute significantly to its solution.
The Department of Corporate Governance ensures the activities of development institutions and state corporations, including the following: Vnesheconombank; the State Corporation of Nanotechnologies; state corporation “Fund of assistance for reforming housing and communal services"; JSC "Russian Venture Company"; OAO "Rosinfocominvest”; OAO “Agency for Housing Mortgage Lending”; and others. Specifically, the Department oversees the improvement and coordination of their activities, ensures the participation of heads of the Ministry in the administration of development institutions, on their supervisory boards and boards of directors.
The jurisdiction of the Department includes the issues of improving the efficiency of state corporations and the introduction of modern management models (key performance indicators, wage systems, which depend on the achievement of their objectives, the establishment and operation of various committees and commissions under the management bodies that use independent experts, etc.). On top of this, the Department in accordance with the instructions of the President of the Russian Federation and the Government of the Russian Federation is involved in the transformation of state corporations.
One of the priorities of the Department is to develop proposals for the development of venture capital financing in the Russian Federation. Interaction with the Russian Venture Company is fulfilled by the Chairman of the Board of Directors with Elvira Nabiullina, the Minister of Economic Development of the Russian Federation, acting as the Chairman of the Board.