Employees Can Participate in Meeting of Board of Directors

New Legislation Enacted

On August 3, 2018, the President of the Russian Federation signed the amendments to the Labor Code of the Russian Federation, which empower employee representatives to participate in companies’ meetings of the Board of Directors in a consultative capacity. This right may be provided by federal laws, company documents or collective bargaining agreements. The law became effective on August 14, 2018.

Bill to Create Electronic System for Employment Records

Proposed Bill or Initiative

On July 28, 2018, the Russian Trilateral Commission for the Regulation of Social and Labor Relations supported a bill that, if enacted, will create a system for employers to electronically submit employment-related records, including information on each employee’s position, work experience, etc., to the Pension Fund of the Russian Federation. The Fund will maintain a specialized electronic database and employers will be exempted from maintaining paper records. The bill will be voted on in February 2019.