OREANDA-NEWS. August 03, 2010. The concept of a corporate university (CU) was approved at a management meeting in March 2009 and by the board of directors in November 2009, reported the press-centre of Russian Railways.

The mission of the CU is to create an effective system of supplementary corporate education for teaching global best practices to management based on a value-oriented approach and the latest knowledge, skills and culture needed to implement the Company’s strategy.

The Corporate University will instruct managers at Russian Railways and its subsidiaries, as well as 240 promising young mangers selected from the programme "Youth of Russian Railways."

It is planned to train 2,820 people at the CU between 2010 and 2012.

Leading business schools and providers of educational services will be involved in the training. The programme will include subjects such as financial management and operational efficiency, change and innovation and the external environment.

Participants will also be able to gain expertise on increasing personnel efficiency and study modern tools in personnel management and other areas that affect the development of management quality.