Corporate governance framework

Corporate
governance
framework

Corporate governance at OMZ is designed to build and maintain trust with investors, protect shareholder rights and interests, and increase share value. The governance framework aligns with legal requirements and advanced practices of Russia’s leading companies.

The principles and procedures governing OMZ are set out in the Company’s Articles of Association and internal regulations. 

OMZ’s corporate governance is guided by the following principles:

• Equal and fair treatment of all shareholders
• Professionalism, responsibility, and accountability of the Board of Directors to shareholders
• Transparency and openness in disclosing information about the Company
• Effective risk management and internal control system
• Good faith exercise of rights by all shareholders, the Company, its governing bodies, officials, and other stakeholders, while preventing any abuse of rights
• Inadmissibility of shareholder actions intended to harm other shareholders or the Company
• Continuous improvement of corporate governance practices

Corporate governance at the Company follows:

• Russian law
• Corporate Governance Code recommendations;
• Listing requirements of the Moscow Exchange