On 28th March 2007 the Expert RA rating agency confirmed, in the framework of the National Corporate Governance Rating, the earlier assigned corporate governance score of OJSC North-West Telecom at the A level.

According to the National Corporate Governance Rating procedures, the score at the A level means that the corporate governance practices level of the Company is evaluated as sufficiently high.

Such a score was given to OJSC North-West Telecom for the first time in January 2005. On the basis of an analysis of observance by OJSC N.W.Telecom of the Russian and internationally recognized key standards of corporate governance in the field of shareholders' rights protection, work of the management and control bodies, information disclosure and consideration of the interests of the concerned parties to corporate relationships, the Company has been announced a leader by the quality of corporate governance in Russia. 

According to the analysts of the consortium, North-West Telecom adheres to the world standards of corporate governance practices:  shareholders' meetings are held observing all the procedures established by the laws, the Articles of Association and bylaws of OJSC N.W.Telecom, independent directors taking an active part in the Company management.

Experts of the consortium have emphasized OJSC N.W.Telecom's information transparency: availability of information on the Company, including financial information, the high information value and prompt updating of OJSC North-West Telecom's corporate Internet site (www.nwtelecom.ru).

You may read the latest changes in the results of the National Corporate Governance Rating on the web site of the agency: https://www.raexpert.ru/ratings/corporate/

The National Corporate Governance Rating is a project of the consortium of the Russian Institute of Directors and the Expert RA rating agency and serves as an indicator of the state of corporate governance for international and Russia's strategic, portfolio and institutional investors who are interested in investment in Russia's economy and need information on corporate governance as a factor of reducing investment risks.