Evaluation of corporate management efficiency
The Company approved and enacted Company standard CS 2.045/0 “Evaluation of Corporate Management Efficiency in PJSC IDGC of Siberia. Methodology” (hereinafter Methodology). This Methodology was designed on the basis of methods for self-estimation of corporate management quality in state-participated companiesApproved by the Order of Rosimushchestvo No. 306 as of 22.08.2014.
This Methodology provides for estimation from the point of compliance with principles and recommendations of corporate management that are stated in the Corporate Management Code. Recommended by the letter of the Bank of Russia No. 06-52/2463 as of 10.04.2014 “On the Corporate Management Code”
In 2018 Company Department for internal audit evaluated efficiency of Company corporate management for 2017. Corporate management was evaluated at the level of 79%, i. e. assessed as “Efficient with Remarks” (corporate management is efficient, but with remarks, particular components or issues have to be improved).
|Component name||Number of estimation criteria||Maximum possible amount of points||Internal audit estimation||Compliance level, %|
|The Board of Directors||56||203||135||67|
|Transparency and disclosure of information||15||135||110||81|
|Risk management, internal control and internal audit||16||63||61||97|
|Corporate social responsibility, business ethics||6||31||29||94|
|Principles of corporate management||Observed||Partially observed||Not observed|
|The Board of Directors||29||4||3|
|Remuneration system for members of the Board of Directors, executive bodies and other key employees||9||0||1|
|Internal control and risk management system||6||0||0|
|Disclosure of information on the Company||6||1||0|
|Significant corporate events||4||1||0|