Annual Report 2010 - Magnitogorsk Iron & Steel Works

No. Description Pages Comments4.64.74.84.94.10Actions of the supreme governing body intended to prevent conflicts ofinterestsAssessment of qualification and competence of members of the supremegoverning bodyCorporate statements about a mission or values, codes of corporate conduct andprinciples which are important in terms of economic, environmental and socialperformanceProcesses used by the supreme governing body to monitor how the Companyassesses its performanceProcesses for evaluating the highest governance body’s own performance,particularly with respect to economic, environmental, and social performance.Annex 254Annex 2Annex 2, 26-27614.11 Environmental protection 73-774.124.13Principles and other initiatives developed by external companies which aresupported or applied by the CompanyMemberships in associations (such as industry associations) and/or national/international advocacy organizations73, 50-51,97, 100814.14 The list of interested parties with which the Company has relations 78-814.15Basis for the identification and selection of interested parties to establishrelations withMMK selects interested partiesbased on the experience ofinteracting with them4.164.17Approaches to relations with interested parties including frequency ofcooperation by forms and interested groupsKey issues and interests raised or identified when establishing relations withinterested parties78-8180-815 Information on Management Approaches and Performance IndicatorsEconomic Performance IndicatorsEC1 Generated and distributed direct economic value 39-45EC4 Significant financial assistance received from government.In the reporting period MMKdid not receive any financialassistance from the governmentEC5 Ratio of a wage paid at MMK and in Magnitogorsk 70EC6Policy, practices, and proportion of spending on locally-based suppliers atsignificant locations of operation.78EC7 Proportion of top management hired from local community50% of the Board of Director'smembers and 90% of theManagement Board members arelocal residentsEC9 Review of significant indirect economic impactsMMK does not monitor indirecteconomic impactsEnvironmental Performance IndicatorsEN1 Materials used 46-47Steel & Style , 10 MMK ANNUAL REPORT 101