print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all RBC Information Systems press releases

RBC Information Systems

February 28, 2005

RBC assigned A-class corporate governance rating

Moscow, February 28, 2005 – OAO RBC Information Systems (RTS, MICEX: RBCI) has been given the highest estimate in a corporate governance rating prepared by the Russian Institute of Directors (RID) and Expert RA rating agency. The company was assigned an A-class rating. The presentation of results was made at the Moscow Interbank Currency Exchange (MICEX) on February 24, 2005.

 

RBC has considerably improved its standing and has climbed to the rating’s top group (in July 2004, the company’s corporate governance received a “B++” rating). The A-class rating was also assigned to four telecommunications companies: OAO Rostelecom, OAO North-West Telecom, OAO Uralsvyazinform and OAO CenterTelecom.

 

“The high quality rating of our corporate governance is good news not only for us but also for our present and potential partners,” RBC Chairman and CEO German Kaplun said. “We hope the increase in the rating will contribute to further growth in the company’s investment attractiveness.”

 

The A-class rating is assigned to companies with a high level of corporate governance that observe the requirements of Russian law and follow most recommendations of the Corporate Governance Code. Such a high rating is granted to companies with no risks of shareholders` rights violation, no unfair action by the executive bodies and not presenting inadequate information as of the date of review by experts. In the opinion of the authors of the rating, the general level of A-class companies is sufficient to attract funds from conservative portfolio investors.

 

The national rating of corporate governance is prepared by RID-Expert RA analysts quarterly by comparing corporate governance practices of each participating joint-stock company with norms stipulated in Russian law, recommendations of the Corporate Governance Code and modern international standards formulated by portfolio investors and organizations representing their interests. The rating is an integral estimation of four groups of indicators: shareholders’ rights, performance of governing and supervisory bodies, information disclosure, observance of the interests of other interested parties and corporate social responsibility. Information presented by joint-stock companies in questionnaires and received by RID-Expert RA experts from publicly available sources is used to prepare the rating of corporate governance.

 

Investor contact:  Natalia Makeeva

Tel: + 7 095 363 1111, E-mail: ir@rbc.ru

Web: www.rbcinfosystems.com

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer