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Corporate Governance Code, 2014

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Summary

This Corporate Governance Code focuses on: the rights of shareholders, including recommendations on use of electronic means for the purpose of participation in voting and receipt of meeting materials, as well as on protection of dividend rights of shareholders; organising efficient work of the board of directors, i.e. determining the approaches to reasonable and bona fide performance of duties by board members, determining the functions of the board of directors, and organisation of its work and that of its committees; clarification of requirements to board members, including those relating to their independence; recommendations on development of a remuneration system for members of management bodies and key managers of the company, including recommendations relating to various components of such remuneration system (short-term and long- term incentives, severance pay, etc.); recommendations on development of an efficient system of risk management and internal controls; recommendations on additional disclosure of material information about the company and entities controlled thereby and their internal policies; and recommendations on performing material corporate actions (increases in the share capital, acquisitions, listing and delisting of securities, reorganisation, material transactions) which enable one to protect the shareholder rights and ensure the equal treatment of shareholders.

Thumbnail image for This Corporate Governance Code focuses on: the rights of shareholders, including recommendations on use of electronic means for the purpose of participation in voting and receipt of meeting materials, as well as on protection of dividend rights of shareholders; organising efficient work of the board of directors, i.e. determining the approaches to reasonable and bona fide performance of duties by board members, determining the functions of the board of directors, and organisation of its work and that of its committees; clarification of requirements to board members, including those relating to their independence; recommendations on development of a remuneration system for members of management bodies and key managers of the company, including recommendations relating to various components of such remuneration system (short-term and long- term incentives, severance pay, etc.); recommendations on development of an efficient system of risk management and internal controls; recommendations on additional disclosure of material information about the company and entities controlled thereby and their internal policies; and recommendations on performing material corporate actions (increases in the share capital, acquisitions, listing and delisting of securities, reorganisation, material transactions) which enable one to protect the shareholder rights and ensure the equal treatment of shareholders.
Issuer

Russia

Year

2014

Region

Asia

Issuer (type)

Bank of Russia (Central Bank)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Global Reporting Initiative (GRI)
  • Voluntary Use
Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Information
  • Education
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 16: Peace, Justice, and Strong Institutions

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