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The paper performs an in-depth assessment of the current transparency of corporate governance of Russian power companies in the interests of long-term investors. It uses the methodologies of Standard &amp; Poor's, Spencer Stuart and Transparency International, and the criteria of the new Russian Corporate Governance Code. It identifies new outlines of transparency for these companies relating to expanding the list of criteria for its assessment and improving the quality of the information disclosed. It takes into account the results of a comparative analysis carried out in regard of the current information disclosure in the considered companies with its disclosure at the beginning of the post-reform period. The article features the additional data obtained by comparing the information disclosure in Russian power generating companies with leading national companies, and the largest corporations in Europe, the United Kingdomб and the United States. It places an emphasis on the special significance of the transparency of the ownership structure and efficiency of companies Board of Directors, determined by an increase in the offshore assets and violation of the rights of minority shareholders. It lays the stress on the need of timely updating and developing new internal documents to enhance the transparency quality of corporate governance in the interests of investors.

New Outlines of Corporate Governance Transparency in Russian Electric Power Industry in the Interests of Investors