Moscow, March 22, 2006. The Russian Institute of Directors (RID) and Rating Agency «Expert RA» has confirmed the National Corporate Governance Score of OJSC «CenterTelecom» at «?» level.

 

This was announced at the Presentation of the National Corporate Governance Rating (NCGR) according to the results of 2005 held on March 20 this year.

 

According to the results of 2005, OJSC «CenterTelecom» was given the highest «?» score: the level of corporate governance of the companies with this score is estimated as rather high owing to the fact that they meet the requirements of the Russian legislation in the field of corporate management, follow basic recommendations of the Russian Corporate Conduct Code, observe the rights of the companies’ shareholders, their governing bodies conduct rather efficient operations and information transparency.

 

Alongside with OJSC «CenterTelecom» the «?» score was given to six more Russian companies: OJSC «Joint-Stock Financial Corporation Sistema», OJSC «RBC Information Systems», OJSC «Rostelecom», OJSC «North-West Telecom», OJSC «UralSvyazInform» and OJSC «Mosenergo».

 

Since 2004 the NCGR has been the project of the Russian Institute of Directors Consortium and Rating Agency «Expert RA». It is the independent expertise of companies’ compliance with the key Russian and international standards of corporate governance in the field of shareholders’ rights protection, governing and control bodies performance, information disclosure and consideration of the interested parties-participants of the corporate relations interests.