Sergey Malinin and Mukhadin Eskindarov, members of the Board of Directors of Bank Vozrozhdenie, were rated among the best corporate governance professionals within the IX Director of the Year National Award

6 November 2014

On October 29, 2014, the Independent Directors Association, the Russian Union of Industrialists and Entrepreneurs in partnership with PwC and Moscow Exchange published ratings of the directors in the sphere of corporate governance for 2014:

  • “50 best independent directors”,
  • “25 best chairmen of the board of directors”,
  • “25 best corporate governance directors / corporate secretaries”.

Sergey Malinin was rated among the 25 best corporate governance directors / corporate secretaries, and Mukhadin Eskindarov — among the 50 best independent directors.

In July — September the arrangers processed more than 160 questionnaires prepared by the companies and candidates as well as compiled by the arrangers basing on the information on the activity of the boards of directors of the largest Russian companies from the Expert 400 list.

The rating method covered processing of such indicators as total experience of the nominees in boards of directors as their members, chairmen or chairmen of committees; practical experience in companies with Russian or foreign listing; practical experience in large cap companies. The results verification was carried out by PricewaterhouseCoopers on a sample basis.

The ratings of corporate governance professionals were announced within the Director of the Year National Award that recognizes achievements in corporate governance. The award was established in 2006 and is held annually by the Independent Directors Association and the Russian Union of Industrialists and Entrepreneurs in cooperation with PricewaterhouseCoopers.

The award aims to celebrate directors’ contributions to the development of corporate governance and to promote high standards of corporate governance and best practices among the boards of directors of Russian companies.

Nominees and winners shall be determined by the expert board, including representatives of business and investment society and winners of the previous years.

The IX Director of the Year National Award ceremony shall be held on December 2, 2014 within the 4th Russian Corporate Governance Forum — the key event in this domain.

The ratings are published on the official site of the Independent Directors Association: nand.ru/professional-information/ratings/rating-2014.

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Bank Vozrozhdenie will publish its 9M 2014 IFRS results and hold a conference call for investors on November 25