Russian internet giant Yandex was given the green light to pursue planned changes to its governance structure, after President Vladimir Putin signed a law late on Tuesday concerning the management of Russian offshore companies. Yandex, which provides a raft of online services including taxi-hailing and the main Russian-language search engine, proposed a corporate governance revamp last week to assuage Kremlin fears over potential foreign influence. The new structure will include a public interest foundation (PIF) run by a board of 11 Russian nationals with the power to block a single entity accumulating a 10% or more stake in …read more
Source:: Yahoo Finance
