Andrey Shabanov's seminal reinterpretation of the Peredvizhniki is a comprehensive study that examines in-depth for the first time the organizational structure, self-representation, exhibitions, and critical reception of this 19th-century artistic partnership. Shabanov advances a more pragmatic reading of the Peredvizhniki, artists seeking professional and creative freedom in authoritarian Tsarist Russia. He likewise demonstrates and challenges how and why the group eventually came to be defined as a critically-minded Realist art movement. Unprecedentedly rich in new primary visual and textual sources, the book also connects afresh the Russian and Western art worlds of the period. A must-read for anyone interested in Russian art and culture, 19th-century European art, and also the history of art exhibitions, art movements, and the art market.

nexusstc/Corporate governance in Lithuania/b22b2a2f2f4ad6021789e53957463278.pdf

lgli/9789264302617-en.pdf

lgrsnf/9789264302617-en.pdf

zlib/Business & Economics/Management & Leadership/OECD/Corporate governance in Lithuania_3619551.pdf

Art and Commerce in Late Imperial Russia The Peredvizhniki, a Partnership of Artists

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Organisation for Economic Co-operation and Development

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Foreword 5
Table of contents 7
Acronyms 10
Executive summary 11
Chapter 1. Introduction to the corporate governance review of Lithuania 15
Notes 19
References 19
Chapter 2. Lithuania’s corporate governance landscape 21
2.1 Economy 22
2.2 Business environment and capital market 23
2.3 Corporate ownership and listing trends 26
2.4 Supervisory boards, management boards and CEOs of listed companies 32
2.5 The corporate governance framework for listed companies 37
2.6 Overall effectiveness of the corporate governance framework 45
2.7 Overview of the SOE sector 52
2.8 Legal, regulatory and governance framework for SOEs 54
Notes 71
References 74
Chapter 3. The Roadmap for Accession: Review against core Corporate Governance Principles 77
3.1 Ensuring a consistent regulatory framework that provides for the existence and effective enforcement of shareholder rights and the equitable treatment ofshareholders, including minority and foreign shareholders. 78
3.2 Requiring timely and reliable disclosure of corporate information in accordance with internationally recognised standards of accounting, auditing and non-financialreporting. 94
3.3 Establishing effective separation of the government’s role as an owner of stateownedcompanies and the government’s role as regulator, particularly with regard to market regulation 111
3.4 Ensuring a level playing field in markets where state-owned enterprises and private sector companies compete in order to avoid market distortions. 120
3.5 Recognising stakeholder rights as established by law or through mutualagreements and the duties, rights and responsibilities of corporate supervisory boards 125
Notes 143
References 147
Chapter 4. Conclusions and recommendations for strengthening corporate governance in Lithuania 149
4.1 Conclusions 150
4.2 Recommendations 156
References 158
Annex 1. List of Lithuanian state-owned enterprises according to objectives (end 2015) 159
Annex 2. Status of board appointments in Lithuanian state-owned enterprises (February 2018) 171

This review of Corporate Governance in Lithuania was prepared in the context of Lithuania's accession process to the OECD. It assesses Lithuania's corporate governance arrangements - the laws, regulations and institutions that shape company oversight - for listed companies and state-owned enterprises (SOEs) against the standards of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report reaches a positive overall assessment of Lithuania's willingness and ability to implement these corporate governance standards and makes a number of recommendations to address remaining weaknesses. With respect to listed companies, the report notably recommends that Lithuania give priority to monitoring implementation of recent legislative reforms to strengthen corporate boards of directors and, in the medium term, consider further strengthening and clarifying their legal responsibilities. With respect to SOEs, this report recommends that Lithuania give priority to further strengthening the effectiveness of the state's ownership coordination function, ensuring that the state's requirements on board composition and disclosure practices are fully implemented by the SOEs for which they are mandatory and moving forward with plans to convert commercially-oriented statutory SOEs to limited liability companies

- Foreword - Acronyms - Executive summary - Introduction to the corporate governance review of Lithuania - Lithuania's corporate governance landscape - The Roadmap for Accession: Review against core Corporate Governance Principles - Conclusions and recommendations for strengthening corporate governance in Lithuania - Annex 1. List of Lithuanian state-owned enterprises according to objectives (end 2015) - Annex 2. Status of board appointments in Lithuanian state-owned enterprises (February 2018)

2018-11-07