Rosseti has become the winner of the 20th annual federal competition of annual reports and corporate sites held by the Moscow Stock Exchange and the RZB media group. The company was awarded in the nomination "Company's best strategy representation and investment attractiveness in the annual report" among 132 participants within the competition. The jury of the competition also marked Rosseti's subsidiaries.
The report by PJSC "Lenenergo" was recognized the company's best annual report with a capitalization up to 40 billion rubles. Among the winners within the nomination is PJSC "MRSK Centra", which also received an award for the best information disclosure on the corporate site. JSC "Tyumenenergo" became the prize-winner in the nomination "Best annual report by a non-public company". PJSC "FSK EES" became the winner for the best information disclosure on the corporate governance in the annual report.
It is important to note that in the Rosseti group of companies, annual reports are considered one of the most effective tools for prompt and most full informing of stakeholders about all aspects of the company's activities.
Rosseti's annual reports over several years are presented in an interactive form, available for reading from mobile devices, can be ordered in printed version.
"The awards received show the commitment of the Rosseti group to a policy of openness and transparency in the interests of their shareholders and consumers. In the future, we are also going to adhere to a high level of information disclosure, which should help increasing the investment attractiveness of the Group's grid companies," said Yury Goncharov, Deputy General Director for Corporate Governance at Rosseti.
The competition of annual reports for the long history of its work has become a traditional and significant event for regular Investment Banking professionals, and in 2014 became one whole: MOEX Group and RZB Media Group, organizers of the main national competitions of annual reports, combined their efforts. The evaluation of annual reports by leading experts in the financial industry helps not only revealing the report's strengths and weaknesses, but also highlighting the issuer urge for openness, transparency of business dealing, it also contributes to the companies' investment attractiveness and business reputation.