OREANDA-NEWS. SIBUR Holding JSC Board of Directors approved Code of corporate conduct and the revised Procedure of transactioning.

The Code focuses on development of corporate governance, improvement of decision-making transparency, information accessibility and effectiveness of company’s daily operations.  The document outlines the underlying principles and responsibility of SIBUR management bodies to create conditions for the enforcement of shareholders’ rights and legitimate interests.

The changes to the Procedure of transactioning were driven by the necessity to adjust the document in line with the revised Articles of Association of SIBUR Holding JSC. No fundamental changes were introduced to the document. In particular, the order of approval  by the Board of Directors property and business deals worth over 400 mln rubles, as well as the approval order for deals on the purchase of third-parties’ shares, transfer of shares to third parties, or encumbrance on shares by third parties remained unchanged.