Report on the Description of the National Settlement Depository Controls, Suitability of Controls Design and Operating Effectiveness,
12 October, 2015
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Balancing shareholders’ interests and interests of the Supervisory Board members,
executive bodies’ members, and other stakeholders; and
Ensuring compliance with the Russian laws and regulations, NSD’s Articles of Association
and internal regulations.
As a Central Securities Depository (CSD), NSD is committed to taking care of the interests of its
clients, regulators, and market participants.
The Company's corporate governance structure is presented on Fig. 2. The activity and the
composition of the units included into the corporate governance structure are governed by the
corresponding Regulations.
Fig. 2. The Company's corporate governance structure
Risk management
The Company's senior management, corporate governance bodies and stakeholders are all
involved in the risk management process, which is proved by corresponding protocols.
Specifically, the risk management process involves the Company's Supervisory Board, the
Supervisory Board's Audit Committee, the Customer Committee for Quality Control and Risk
Management, the Risk Management Committee for Payment System, the Executive Board, and
the Risk Committee. The management's functions and the corporate governance bodies'
