NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has been named the winner of the annual competition for information transparency among publicly listed companies in Russia.

The “Active Corporate Policy on Information Disclosure” award was established in 2003 by Interfax and AK&M for companies that had excelled in prompt and full information disclosure to investors.

NLMK Group was recognized for its information transparency and the high quality of its information disclosure on its strategy execution, as well as the well presented access to data published on its corporate website, its receptiveness to dialogue, and the detailed press releases it issues alongside statements of material facts, Interfax notes.

Oleg Bagrin, NLMK Group CEO, said: “We are grateful for the great recognition, which NLMK’s efforts toward information transparency have received. NLMK Group is committed to operating the best global practices in information disclosure, not only for investors, but for our own employees and the general public as well. Transparency creates an atmosphere of predictability, mutual understanding and trust. These intangible values have a direct impact upon operational efficiency, and, at the end of the day, on our shareholder value.”

Vladimir Gerasimov, Executive Director, Interfax Group, and Chairman of the Jury of the competition, said: “NLMK’s reporting, its corporate website and press releases clearly demonstrate that NLMK Group is committed to the best international practices of information disclosure and corporate reporting. We see this as being testimony to the company’s conscious and proactive approach to information transparency.”

The competition jury was made up of representatives of Interfax and AK&М information agencies, the Bank of Russia, the Moscow Exchange, the Independent Directors Association, and the Russian Financial Communications and Investor Relations Alliance (ARFI). (NLMK/Ukrainian metal)

 

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