OREANDA-NEWS. September 6, 2007. As a part of the corporate restructuring programme of the leading Ukrainian company System Capital Management the Department of Corporate Rights and Foreign Asset* Management of SCM has been established. Operation of the new department will help ensure maximum transparency of the business and finalise the process of developing a clear ownership structure of SCM.

Functions of the department include accounting and management of corporate rights of SCM Group and Management of SCM’s foreign assets.

Roman Bugayov, who had previously been holding the office of the Head of Corporate Rights Department, was appointed a Director of Corporate Rights and Foreign Asset Management of SCM.

“We are committed to raising the level of transparency of our business, building the structure of ownership and governance of the company which will be clear and understandable for all stakeholders. With this purpose in 2005 we developed the programme of corporate restructuring. In the recent two years structure of the business has been changed considerably: we have created industrial holdings and now are completing the process of transfer of the Group assets management and ownership rights to the industrial holdings. In order for the new structure of business to be as transparent as possible and to achieve clockwork preciseness of the corporate rights accounting and management process we have established the Department of Corporate Rights and Foreign Asset* Management of SCM”, said the General Manager of SCM Oleg Popov.