Corporate governance system of the company has been rated “HIGH”.

The “Intelligent Analytics Group” LLC which had been considered the winner of the tender (announced on November 10, 2016) for evaluating company’s corporate governance system, on November 18, 2016 delivered its qualified opinion. According to the document, corporate governance system of the “Urganch yog-moy” JSC scores 650 points and is rated “HIGH”.
Including:
1. Preparation procedures for implementation of the Corporate governance system (from -135 to 135): 135 pts;
2. Compliance with the Corporate governance Code (from -360 to 360): 260 pts;.
3. Compliance of the managment structure of the company (from -30 to 30): 15 pts;.
4. Competitive selection to leadership positions (from -45 to 45): 0 pts;
5. Transition to publicating according to IFRS and ISA (from -45 to 45): 30 pts;
6. Implementation of the modern management systems (ISO, ERP, НИОКР and etc.) (from -55 to 55): 5 pts;
7. Information policy (from -170 to 320): 100 pts;
8. Financial results (from -150 to 150): 100 pts;
9. Other (from -205 to 55): 5 pts.