Corporate Governance Rating

October, 2008

Consortium "RID - Expert RA"

«...We evaluated the Company's corporate governance practice basing upon four components: shareholder rights, activity of management and control bodies, information disclosure, activity on behalf of other interested parties and corporate social responsibility.

...The Company observes the requirements stipulated in the Russian legislation on corporate governance, observes most of recommendations of the Russian Corporate Governance Code and separate recommendations of leading international corporate governance practices».

The full version of the Company's Corporate Governance report can be viewed here (pdf, 643 kb, Russian only).

Corporate Governance Certificate (JPEG, 748 kb)

November, 2009

Consortium RID - Expert RA

«... Corporate governance practice of the Company in terms of shareholder rights protection is evaluated as good. During the reported period the Company took several measures aimed at corporate governance risk decrease. Particularly, the corporate web-site discloses information regarding materials on the AGM agenda issues; internal documents stipulate liability to arrange external auditor rotation. Meanwhile, there is a number of disadvantages, particularly, lack of dividend history on the Company's shares, lack of the Company's dividend policy as well as other disadvantages...»

A detailed report on Corporate Governance practices of OAO "IDGC of Urals" can be viewed here (pdf, 636 kb, Russian version only).

Last update: 10.03.2010