Annual report 2016

Corporate governance system

Since Moscow Exchange’s IPO, its senior executives have been continuously perfecting the Company’s corporate governance procedures with the aim of taking its rightful place among global trading venues.

The Exchange’s corporate governance system has been developed in accordance with the requirements of the laws regulating Moscow Exchange as an organiser of trading, the listing rules regulating Moscow Exchange as an issuer whose securities are admitted to trading and taking into account the Corporate Governance Code issued by the Bank of Russia, the OECD corporate governance principles and the best global corporate governance practices.

Moscow Exchange’s corporate governance system is an efficient tool that protects the legitimate rights and interests of all the Exchange’s shareholders and the users of its services. A Risk Management and Internal Control System was also created and is being developed based on state-of-the-art procedures that cover every aspect of the Exchange’s operations.

In 2014, the Bank of Russia recognised Moscow Exchange, jointly with National Settlement Depository (NSD) and NCC Clearing Bank, as systematically important financial institutions.