Efficient corporate governance is one of the key drivers behind the Group’s improving competitive edge. Acron’s corporate governance policies are aimed at making the Group more attractive to investors and improving its capitalization.
Acron follows the key recommendations of the best international practice as it develops its corporate governance system. In 2008, the Group revised its Corporate Governance Code to strike the right balance between the interests of its shareholders and the Group’s managing bodies. The fundamental principles of the Corporate Governance Code provide:
Shareholders shall be provided with a real opportunity to exercise their rights relating to their shareholding in Acron;
Equal treatment for shareholders having an equal number of shares of the same type (category), including minority and foreign shareholders;
The Board of Directors shall strategically manage the Company’s activities and effectively control the activities of the Company’s executive bodies; members of the Company’s Board of Directors shall be accountable to shareholders;
Carrying out day-to-day management of the Company’s business by its executive bodies in order to maintain long-term, stable development and allow shareholders to receive benefit from these activities, as well as accountability of executive bodies to the Company’s Board of Directors and shareholders;
The Company’s executive bodies shall manage day-to-day activities to ensure long-term stable development and to derive profit for shareholders from this activity;
Full and reliable information about the Company shall be disclosed in a timely fashion in order to allow shareholders and investors to make reasoned decisions;
The Company’s financial and economic activity shall be controlled effectively in order to protect the legitimate interests of shareholders and the interests of other parties concerned.
Acron Corporate Governance Code
