Annual report 2007 - Magnitogorsk Iron & Steel Works ...

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Provisions of the Code of Corporate
Behaviour (CCB)
Information Disclosure
58.
59.
60.
61.
62.
63.
64.
Existence of an internal document approved by
the Board of Directors and defining the Company’s
rules and approaches to Information Disclosure
(Regulations on the Information Policy)
The Company’s internal documents must provide
for the disclosure of information on the goals of
share placement, persons intending to purchase
the shares to be placed including a major stockholding,
and whether the top managers of the
Company will participate in purchasing the
Company’s shares to be placed
The Company’s internal documents must contain a
list of information, documents and materials to be
provided to the shareholders for consideration of
issues at a general shareholders’ meeting
The Company’s website and regular disclosure of
the Company’s information on such website
The Company’s internal documents must provide
for the disclosure of information on the Company’s
transactions with persons regarded according to
the Charter as senior executives of the Company,
or the Company’s transactions with entities, in
which the Company’s senior executives own,
directly or indirectly, at least 20% of the authorized
capital, or on which such persons can otherwise
exert significant influence
The Company’s internal documents must
provide for the disclosure of information on all
transactions, which can have an effect on the
market value of the Company’s shares
Existence of an internal document approved
by the Board of Directors, on the use of material
information on the Company’s activities, shares,
other securities and the transactions therewith,
which is not publicly available and the disclosure
of which may exert a material influence on the
market value of the shares and other securities of
the Company
Control of Financial and Business Operations
65.
Existence of procedures approved by the Board
of Directors, for internal control of the Company’s
financial and business operations
Observance
of the CCB
(yes or no)
yes
yes
yes
Remarks
OJSC MMK’s Regulations on the
Information Policy approved
by the decision of the Board of
Directors on 29.11.2005
Clause 5.3 of OJSC MMK’s
Regulations on the Information
Policy approved by the decision
of the Board of Directors on
29.11.2005
Clause 5.3 of the OJSC MMK’s
Regulations on the General
Shareholders’ Meeting
approved by the decision made
at the general shareholders’
meeting on 21.04.2006
yes http://www.mmk.ru/.
yes
yes
yes
yes
Clause 5.3 of OJSC MMK’s
Regulations on the Information
Policy approved by the decision
of the Board of Directors on
29.11.2005
Clause 5.3 of OJSC MMK’s
Regulations on the Information
Policy approved by the decision
of the Board of Directors on
29.11.2005
Clause 7 of OJSC MMK’s
Regulations on the Information
Policy approved by the decision
of the Board of Directors on
29.11.2005
Clause 4 and Clause 5 of the
OJSC MMK’s Regulations on
Internal Control Procedures
approved by the decision of the
Board of Directors on 23.12.2005