In accordance with modern approaches to corporate management based on best practices, and in line with the legislative requirements of the Russian Federation, the corporate governance of National Settlement Depository (NSD) means the general management of NSD activities that is carried out by the General Meeting of Shareholders and the Supervisory Board, and includes relations with executive bodies of NSD or other interested parties (personnel, clients, partners, counterparties, banking regulating and supervisory authorities, government bodies and state administration) in relation to:

• setting strategic goals of NSD and an effective management system;
• promoting work motivation that can help management bodies and personnel of NSD use their best efforts to achieve strategic goals of NSD;
• maintaining the balance of  shareholders’ interests, members of the Supervisory Board and executive bodies of NSD and other interested parties;
• ensuring compliance with the legislation of the Russian Federation, NSD Charter and internal regulatory documents of NSD.

NSD follows basic principles of corporate governance set by the Organization for Economic Cooperation and Development (OECP). In accordance with these principles, the structure of NSD’s corporate governance should ensure:

• equal attitude towards shareholders. All shareholders should have the opportunity to get effective remedy in case of infringement of their rights;
• legally protected rights of interested parties;
• timely and accurate disclosure of substantive issues with regard to NSD, including financial status, operating results, ownership and management of NSD;
• strategic management of NSD, effective control over NSD’s management on the part of the General Meeting of Shareholders and the Supervisory Board of NSD.

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