Moscow Exchange’s Corporate Governance Code
In 2019, the Exchange’s Supervisory Board approved a new version of Moscow Exchange’s Corporate Governance Code, which was first adopted in 2015. The Code complies Russian legislation and was developed taking into account principles and recommendations of the Bank of Russia’s Corporate Governance Code and the OECD’s Corporate Governance Principles.
The Exchange’s Code describes the system, principles and practices of corporate governancet of the company and risk management. Additionally, the Code contains the Exchange’s corporate social responsibility goals and principles, the principles of interaction with service users and other stakeholders and the principles of corporate governance at Group companies.
A distinctive feature of the document is that it contains development plans for the implementation of corporate governance principles. This sets not a declarative but a practical tone for the Code and allows the Exchange to continue reforming and improving corporate governance.