In 2017, KAMAZ PTC, one of the world's top 20 heavy duty truck producers, plans to provide its shareholders with the option of e-voting based on the platform developed by National Settlement Depository (NSD), Russia’s central securities depository. The memorandum of cooperation between NSD and KAMAZ was signed on 1 June 2017 at the St. Petersburg International Economic Forum.
Eddie Astanin, Chairman of the Executive Board, NSD, said: “The opportunity to take part in Russian issuers’ corporate actions remotely, by using new technologies, will significantly increase investors’ interest in Russian shares. For issuers, this opportunity means a step towards a greater transparency and stronger interactions with investors and shareholders. In its turn, it contributes to increased capitalization, expansion and diversification of the investor base. Switching to whole new corporate governance standards is important for Russia as a specific measure to improve the country’s investment climate.”
KAMAZ shareholders will be able to vote remotely at general meetings of the company’s shareholders. Access to the new platform will be granted to shareholders registered on the State Services Portal. The platform is accessible online anywhere in the world; no special technological tools are required to vote. The new service is available for all categories of shareholders regardless of where their securities are held – in the register or with a securities depository. The platform is bilingual: the interface, AGM materials, and agenda items to be put to the vote will be available both in Russian and English.