The 2018 annual report of
Rosseti Lenenergo won a prize as the Best Corporate Annual Report for
Companies with RUB 40bln to RUB 200bln Capitalization in
the 22nd Annual Contest of Annual Reports held by the Moscow Exchange
and RCB Media Group.
A total of 123 companies, including 14
first-timers, applied to participate in the contest. The jury panel
consisted of 16 experts, including professionals from major
investment funds, non-governmental organizations and regulators,
financial analysts, as well as corporate governance and
communications experts.
This year, the jury praised the Rosseti
Lenenergo’s illustrative and comprehensible business model, an
insightful risk management section, and that fact that all aspects of
the corporate governance system were disclosed. On top of that,
descriptions and figures across key strategic areas over time as well
as benchmarking against the industry’s peers were praised as best
disclosure practices.
“For a second year running, Rosseti
Lenenergo is ranked among the market’s heavyweights
with
capitalizations greater than RUB 40 billion, which is a new
experience for us. So we are all the more happy to be among the
winners of the contest. We seek to maintain high disclosure standards
and monitor and follow the domestic and international best practices
going forward,” said Daniil
Krainsky, member of the Board of
Directors and Deputy CEO, Corporate Governance at Rosseti Lenenergo.
Rosseti Lenenergo has more than once been a
nominee and winner of the contest, demonstrating a consistently high
level of disclosure and a responsible approach to reporting.
The contest of annual reports contest sponsored by
MOEX together with RCB Media Group was first held in 1997 and serves
as a forum setting standards for companies in terms of shareholder
reporting about companies’ business and development strategies. The
contest also helps identify the current annual corporate report
trends and best practices for such aspects as content, structure, and
design.
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