Annual Report 2015


Corporate Governance principles

Corporate governance in PJSC IDGC of the North-West means a combination of processes aimed at controlling and monitoring of the Company’s business activity including relations between shareholders, the Board of Directors and executive bodies of the Company in the interests of shareholders. The Company regards corporate governance as a mean to improve efficiency of the Company’s business activity, strengthen its reputation and reduce the cost of borrowed capital.

Corporate governance in the Company is based on the principles of accountability, equity, transparency and responsibility.

Principles and structure of corporate governance in the Company, description of the Company’s corporate governance practices and other aspects of the Company’s corporate governance are set out in the Corporate Governance CodeFull text of the Corporate Governance Code is available on the Company website at www.mrsksevzap.ru. of PJSC IDGC of the North-West.

The system and practice of corporate governance of PJSC IDGC of the North-West ensure reliable means of registration and safekeeping of shares, enjoyment of shareholders’ right to participate in management of the Company, the right to receive part of the Company’s profits and the right to receive material information about the Company.