Corporate governance

We adhere to high standards of corporate governance and are committed to continually enhance our corporate governance system to increase our investment appeal, improve performance, and raise our profile.

The company is led by a highly skilled management team, who are dedicated to implementing best practices for socially responsible and economically efficient operations.

Our corporate governance system is based upon the Russian statutory requirements and aligns with best international practices. 

In 2007, we have implemented a Corporate Governance Code. The Code is a set of rules, standards, and internal regulations, which we employ in our operations and which are based on a balanced consideration of the interests of our shareholders, management bodies, and other stakeholders. The Code's goal is to maintain high standards of corporate governance and professional and business ethics, essential for achieving the company's strategic objectives. 

We also focus on:

• maintaining financial stability and economic effectiveness of its operations to generate long-term value;
• ensuring compliance with the regulatory requirements on combating corruption and preventing financial crimes;
• avoiding and resolving conflicts of interest;
• fostering open communication with our stakeholders;
• incorporating ESG principles into the risk management system;
• promoting tax transparency by participating in the tax monitoring system.