Abstract: | This article discusses the critical role of corporate governance in Russian business and management and its potential for promoting corporate social responsibility in that country. We describe the current state of these two phenomena and examine their linkages as they exist in Russia, and explain that this situation also applies in other transitioning economies. We conclude with implications for non‐Russians who would do business with Russian counterparts, and reasons why they should be aware of how these important issues can affect their dealings in those situations. © 2008 Wiley Periodicals, Inc. |