Answer to Question #79006 in Finance for Owen Marsden

Question

What are the crucial components of corporate governance principles?

Answer 1

Corporate governance is carried out in accordance with the Company’s Corporate Governance Code and is based on the following principles:
1) Accountability. The Code provides for accountability of the Company's Board of Directors to all shareholders in accordance with applicable law and provides guidance to the Board of Directors in making decisions and monitoring the activities of the executive bodies.
2) Fairness. The Company undertakes to protect shareholders' rights and ensure equal treatment of shareholders. The Board of Directors shall give all shareholders the opportunity to obtain effective redress for violations of their rights.
3) Transparency. The Company shall provide timely, accurate disclosure of information about all material facts relating to its activities, including its financial situation, social and environmental indicators, performance, ownership structure and governance of the Company, as well as free access to such information for all stakeholders.
4) Responsibility.The Company recognizes the rights of all interested parties permitted by applicable law, and seeks to cooperate with such persons or companies for their own development and financial stability.
Source:
https://www.interrao.ru/en/investors/corporate-governance/basic-principles/