RID confirms MMK corporate governance rating

1 August 2013 (10:22)

August 1, 2013. The Russian Institute of Directors confrmed the corproate governance rating of Magnitogorsk Iron & Steel Works (MMK) at 8 along the national scale (Advanced Corporate Governance Practices).

The changes in MMK corporate governance policy that took place during the monitoring period (July 24, 2013 to July 30, 2013) did not affect the rating estimate.

In 2012, MMK implemented a number of projects aimed at improving the company's risk management system and approved of the new Charter and some other internal documentation.

MMK's corproate governance rating on the national scale remained at 8.

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