CenterTelecom OJSC considers corporate governance to be a system of efficient company management for the benefits of its owners and consistent with interests of Company management and other parties concerned.
Quality of corporate governance is one of the critical factors determining the Company capitalization, its attractiveness for potential investors and adequate assessment on the market.
Taking into consideration the importance of corporate governance, CenterTelecom OJSC undertakes obligations to develop corporate governance in accordance with the following principles ensuring:
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the shareholders' viable possibility to exercise their rights connected with participation in the Company management;
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equal treatment of shareholders possessing equities of the same type (category), including minority and foreign shareholders;
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the Board of Directors’ implementation of the Company strategic management and exercising of effective control over the Company executive bodies activities, as well as the accountability of the Board members to the Company shareholders;
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carrying out of reasonable, fair and effective management of the Company operating perforamance with the view to securing its long-term sustainable development and shareholders’ gaining from this activity, accountability of executive bodies to the Company Board of Directors and its shareholders;
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timely disclosure of complete and correct information about the Company, including its financial position, economic indicators, significant corporate events, ownership and management structure in order to provide for opportunities for balanced decision-making by shareholders and Company potential investors;
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effective control over the Company financial and economic activities for the purpose of defending the rights and vested interests of Company shareholders and investors;
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observance of the Company employees lawful rights, development of partner relationships between the Company and its employees in social questions solving and labor conditions regulation;
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Company active collaboration with investors, creditors and other interested groups with a view to securing the Company economic value added, including increases in assets, Company equities and other securities, and its reputation raising.