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 Press releases
November 22, 2011 Interfax, AK&M name Sberbank winner of 2011 Transparency Prize
The Interfax and AK&M news agencies, which are authorized to disclose corporate information for the stock market, have named Sberbank (RTS: SBER) as the winner of this year‘s annual Prize for an Active Corporate Policy on Information Disclosure. The jury, comprised of representatives from information agencies and stock exchanges, and renowned experts, noted that Sberbank management‘s information transparency and openness have become part of the bank‘s strategy. "A bank with a sizeable business, Sberbank remains proactive, demonstrating openness at all levels and disclosing information on major events that many other issuers do not deem necessary to disclose," Interfax Group Executive Director Vladimir Gerasimov, who heads the jury, said at the award presentation ceremony in Moscow on November 22. "Sberbank is trying to be as transparent as possible in order to give its shareholders and investors an opportunity to make decisions guided by prompt and reliable information," said Sberbank President and CEO German Gref. The jury praised Sberbank for providing mandatory information to the market regularly and on time, and for the management‘s friendly readiness to deal with investors and the media. Sberbank was the bank that sorted out the rules on disclosing RAS accounts, releasing the mandatory figures on the day established and no later than at 10 a.m., before the markets open. The management‘s daily press briefings allow journalists and investors to get the latest information about developments at the bank, and receive explanations regarding their queries. A prompt reaction to reporters‘ questions allows the bank to provide flexible responses to information processes in the country. *** The Prize for an Active Corporate Policy of Information Disclosure was instituted by the Federal Financial Markets Service‘s authorized agencies - Interfax and AK&M - in 2003. It is conferred on companies that demonstrate the greatest achievements in providing information for investors quickly and fully. One of the criteria for the prize is whether a company has met its deadlines for disclosing IFRS accounts and whether such accounts have been comprehensive. Other criteria are information on corporate events and on ultimate beneficiary owners, whether information has been disclosed simultaneously to Russian and foreign investors, and a general assessment of how a company has been doing in the information field. The previous winners of the prize were the Magnitogorsk Iron & Steel Works (OAO MMK) in 2010, Rosneft ( (RTS: ROSN) in 2009, Lukoil (RTS: LKOH) in 2008, The Pipe Metallurgical Company (TMK) in 2007, Severstal in 2006, Russian Railways in 2005, Mechel Group in 2004 and Kalina Concern in 2003. In October 2003, the stock market regulator put a rule into force making it mandatory that companies issuing securities disclose information on key events via the newswires of authorized agencies. Today about 30,000 companies disclose their major events via authorized agencies, the number of which increased to five in 2007.
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UN Secretary General Ban Ki-moon has given an interview to Interfax ahead of his visit to Russia on May 16-19 in which he speaks about the goals of his visit, pressing tasks that the UN face, the organization‘s reform, as well as topical issues on the international agenda, including situation in Syria and the Middle East settlement.
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Deputy NATO Secretary General Alexander Vershbow, who is visiting Moscow for an informal conference of former U.S. ambassadors to Russia and Russian ambassador to the United States, has given an interview to Interfax in which he speaks about NATO-Russia cooperation, as well as pressing issues on the international agenda, such as the missile defense issue, North Korea, Syria and Afghanistan.
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British Foreign Secretary William Hague has given an interview to Interfax‘ journalist Olga Golovanova ahead of the 2+2 meeting slated for March 13 in London, on which he speaks about the agenda of the upcoming 2+2 talks, the whole range of British-Russian relations, including human rights, as well as pressing international issues notably Syria.
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Iraqi Foreign Minister Hoshyar Zebari, who took part in the first meeting of Russian-LAS forum at the ministerial level in Moscow, has given an interview to Interfax in which he speaks about arms trade with Russia, prospects of Russian oil companies in Iraq and the attitude of Arab countries to Russia‘s position on Syria.
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Russian Foreign Minister Sergei Lavrov speaks about the tasks facing the Foreign Ministry in 2013 and the ministry‘s approach to key international problems in an interview given to Interfax in the run-up to the New Year holidays.
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EU Commissioner for Home Affairs Cecilia Malmstrom gas given an interview to Interfax on visa issues ahead of the Russia-EU summit due on December 21 in Brussels.
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During Polish Foreign Minister Radoslaw Sikorski visit to Moscow on Tuesday, December 17, he had an interview with Interfax in the wake of his talks with Russian Foreign Minister Sergei Lavrov in which he speaks about the Polish position on the Katyn case, the return of the Polish presidential jet wreckage and EU-Russia visa relations.
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