Changes in Yandex ownership/control structure


Yandex announces creation of public board. The Russian internet giant Yandex announced governance changes on November 18th that would transfer certain decisions to a Public Interest Board (PIB), made up of management and representatives of various universities. This seems to bring to a close the dispute over control of Yandex that started when a group of Duma deputies introduced a bill in July that would restrict the activities of internet companies with more than 20% foreign ownership.