CBM's corporate governance system is acclaimed as best in Russia

27.03.2015

<img src="/file/9a15e6cb-1755-4265-b657-730e126b1e01" hspace="10" vspace="5" border="0" align="left" width="250" /> <p>26 March 2015, Moscow — S.H.E.L.K banquet hall hosted the annual financial sector innovations and achievements award ceremony <noindex><a href="http://bosfera.ru/bosfera/home.html" target="_blank" rel="nofollow" >"Banking Sector 2014"</a></noindex>. </p> <p>Winners in 16 nominations were chosen by a reputable expert panel composed of analysts and experts of the Russian banking market. </p> <p>Banking market experts acknowledged CREDIT BANK OF MOSCOW's corporate governance system as the best in Russia giving it the highest award in RusRating's special nomination "Corporate Governance Quality". </p> <p>Eric De Beauchamp, CFO, received the award on behalf of the Bank. </p> <br clear="all" /> <p>The Banking Review's official partner RusRating determined the winner in its special nomination according to its own methodology taking into account:</p> <ul> <li>quality of information policy</li> <li>top management's professionalism and reputation, overall professionalism of staff</li> <li>efficiency of management structure</li> <li>independence of management and owners' interference</li> <li>protection of minority shareholders, customers and partners</li> <li>independence of day-to-day management, management board performance</li> <li>governance system evolution and stability</li> <li>HR policy</li> <li>risk management system efficiency, technological level.</li> </ul>