After an annual assessment, the national corporate governance rating
of RusHydro was confirmed as level 8 - “Best corporate governance
practices”. RusHydro has retained the status of a top-rated leading
electric power company for over five years.
The national corporate governance rating is a
corporate governance quality indicator allowing to compare the level
of development of the company’s corporate governance and the risks
related to it. The assessment is conducted annually by the Russian
Institute of Directors (RID), Russia’s leading information and
research, consulting and training center on corporate governance.
The experts monitored RusHydro’s corporate
governance practices using the renewed RID methodology in the areas
of shareholders’ rights protection, organizing the work of the
management and control bodies, information disclosure, corporate
social responsibility and sustainable development.
The RID report notes that the corporate governance
practices of RusHydro are characterized by developed institutions
aimed at protecting minority shareholders’ rights, well-balanced
composition of the Board of Directors and its involvement in
resolving strategic issues, and disclosure of material financial and
non-financial information. The sustainable development and ESG
practices, dividend policy and the work of the Board of Directors
also received a positive evaluation.
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