Corporate Governance Overview
During the last several years, the requirements of regulatory bodies for information disclosure by publicly traded companies have been tightening. In accordance with this, MMC Norilsk Nickel decided to improve its corporate governance not only to comply with the regulatory requirements of stock exchanges or contractors, but also for the market capitalization premium, derived from interest and trust of the investment community as a result of the improved corporate governance and information transparency. In 2002 MMC Norilsk Nickel declared its intention to comply with the standards and recommendations set out in the Code of Corporate Governance of the FCSM, for which purpose internal documents of the Group were amended appropriately. The main activities aimed at improving corporate governance include:
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