Corporate governance

The company and stock market

The year 2017 was challenging for the Russian stock market. Multiple factors impacted share prices of many companies. MOEX index started to decline in February ending in a -20% drop by mid-June, since investors were disappointed with prospects for mending ties between Russia and USA as well as with failures to execute the Government directive to pay 50% of net income as dividends by some companies. The mid-June growth has replaced the setback but by the year-end the index was still unable to rebound to levels seen in the early days of 2017.

During 2017 the investment community showed a far greater interest to the Company’s stock, if compared to the previous years. Thus, the annual trading volume in monetary and quantitative terms totaled RUB 872.6 million and 4.8 billion respectively. The annual number of transactions amounted to 35.3 thousand.

The price for the Company’s common shares added 28.13% during 2017, starting from RUB 0.1635 (average weighted price of the last trading day of 2016) and ending RUB 0.2095 (average weighted price of the last trading day of 2017). The Company’s market value as of the last trading day (29.12.2017) totaled RUB 18.3 billion.

Shareholder rights

Communications with market participants

1About company
1.1Mission and strategic goals
1.2Market share
1.3Management systems
1.4Key 2017 events
2Board of directors’ progress report
2.1Letter to stockholders
2.2Production capital formation
2.2.1Network exploitation
2.2.2Electricity transmission
2.2.3Technological connection
2.2.4Development of telecommunications and IT systems
2.2.5Investments
2.2.6Innovations
2.2.7Efficacy enhancement
2.3Financial capital formation
2.3.1Description of tariff policy
2.3.2Analysis of revenues and expenses
2.3.3Analysis of receivables and payables
2.3.4Credit ratings and bonds
3Corporate governance
3.1Corporate governance practices
3.2Corporate governance system
3.2.1General meeting of stockholders
3.2.2Board of Directors
3.2.3Board of directors’ committees
3.2.4General director and executive board
3.2.5Remuneration and compensation policy
3.3Oversight system
3.3.1Board of internal auditors
3.3.2Independent auditor
3.3.3Internal control
3.3.4Security and anti-corruption
3.3.5Risk management
3.4Investor and stockholder relations
3.4.1Shareholder capital structure
3.4.2 Shareholder rights
3.4.3The company and stock market
3.4.4Communications with market participants
3.4.5FAQ
3.4.6Allocation of profit
3.4.7Contact information
4Stakeholder
4.1Human resources management
4.2Customer support
4.3Supplier relationship management
4.4Public and goverment relations
4.5Company’s transactions
4.6Subsidiaries and financial investments
4.7Environment protection
5Appendices
5.1Prepared under Russian accounting standards
5.2Prepared under international financial reporting standards
5.3Corporate governance code compliance report
5.4References
5.5Abbreviations and acronyms
5.6Sitemap