Russian Railways Adopts Provision on Information Policy
OREANDA-NEWS. On July 02 2009 the Board of Directors of Russian Railways (RZD) has approved a Provision on RZD Information Policy, reported the press-centre of RZD.
This document was developed in line with Russian and international standards in order to improve the corporate management culture and transparency of the company.
The Provision regulates the procedure for disclosing information, the categories of information for disclosure and public release, and the timeframes for disclosure.
The adoption of the Provision on RZD Information Policy will improve the organization of information resources, and tighten rules on the protection of information subject to commercial confidentiality, insider information, and other specially protected information.
The Provision will allow Russian and foreign companies that have adopted strict investment standards to invest funds in the securities of RZD.
In addition, RZD will be able to include its traded bonds in List "A", First Level.
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