OREANDA-NEWS. October 28, 2009. North-West Telecom has occupied the 13th position by the transparency level among the 90 major Russia n public companies according to the results of the information transparency research conducted by the Standard & Poor’s Corporate Governance Rating Service in 2009.

The information transparency indicator of OJSC N.W.Telecom has been raised to 70% (64% - in 2008 ). As a result, only 1 p.p. separates North-West Telecom from the ten leaders.

OJSC N.W. Telecom's score has been distributed by the information transparency components as follows:
Ownership structure and shareholders' rights: 68% (the average score is 59.5%);
Financial and operating information: 71% (the average score is 57.3%);
Members and procedures of the Board of Directors and Management: 72% (the average score is 47.9%).


The information transparency level of OJSC N.W.Telecom is considerably higher than the average figure in Russia, is the highest among all interregional telecommunication companies and matches the figures of developed countries: the total score of OJSC N.W. Telecom is equal to the USA transparency index and exceeds the indices of Germany, France and Japan.


Besides, OJSC North-West Telecom has one of the highest information transparency scores by the indicator" Members and Procedure of the Operation of the Board of Directors and Management:" only one of the rated leaders has a higher score.