Corporate Governance

IDGC of Urals, ОАО places a special emphasis on corporate governance assuming that high quality of corporate governance plays a pivotal role in its activities and finally determines its reputation and investment attractiveness. The Company strives to adhere to the recommendations of the Russian Corporate Governance Code (recommended for use by Russian Federal Securities Commission Decree #421/r dd. 04.04.2002) and the principles of corporate governance approved by the best international practices. To ensure shareholder rights for participation in management and decisiontaking on vital operating issues there are the following internal documents regulating managing bodies:

  • The Charter of IDGC of Urals (approved by the AGSM on 16.06.2011, protocol #3 dd. 17.06.2011)
  • The Regulations on the Procedure for AGSM Convention and Arrangement (approved by the AGSM on 16.06.2011, protocol #3 dd. 17.06.2011);
  • The Regulations on the Procedure for BoD Convention and Arrangement (approved by the AGSM on 14.06.2012, protocol #4 dd. 15.06.2012)
  • The Regulations on the Management Board (approved by the AGSM on 16.06.2011 г., protocol #3 dd. 17.06.2011);
  • The Regulations on the Audit Commission (approved by the GSM resolution, protocol #1865 pr/3).

The Charter and other internal documents regulating our management bodies can be found at Section “Founding and Internal Documents” of our official website.