Public joint-stock company (Russia)

Public joint-stock company (Russian: Публичное акционерное общество; abbreviated PAO) is a form of organization of a joint-stock company in Russia which its shareholders have the right to alienate their shares without the need to coordinate with other shareholders.

The organization and activities of Public joint-stock companies are regulated by the federal law of the Russian Federation. Since an open joint-stock company is considered by the legislator to be public, it is required to disclose information in a broader format compared to a non-public joint-stock company. This rule is intended to increase the publicity and transparency of investment processes.

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