TATNEFT Receives New Recognition of its Transparency
OREANDA-NEWS. October 27, 2011. TATNEFT joined the TOP 10 with the highest level of transparency based on the results of the transparency rating of the Russian fuel and energy sector companies, reported the press-centre of TATNEFT.
The high rating of the Joint Stock Company's transparency is the result of extensive work of the Company's service divisions aimed at developing the image and strengthening the business reputation of TATNEFT, as well as at increasing the efficiency of its information and communication activities.
For the purpose of determining the transparency rating of the Russian fuel and energy sector companies APEC (Agency of Political and Economical Communications) conducted a survey with participation of 25 known experts: economists, political analysts, investment and industry analysts and economic journalists. 75 major companies representing nuclear power, gas, oil, coal mining industries, transportation of oil and petroleum products, electric power industry were assessed. The initial selection of the companies had been carried out on formalized criteria (market capitalization, profit) of 2010 outcome.
Each expert assessed the level of the companies' transparency followed by determination of the expert assessments of arithmetic mean values (average scores). The final rating is a consolidated assessment of 50 most transparent Russian fuel and energy sector companies.
Information Reference
The Management of TATNEFT pays great attention to the formation of the Company's information policy based on the highest level of the information transparency and openness. The Annual Report of TATNEFT for 2010 was listed among the winners in the open federal contest of the joint-stock companies annual reports, traditionally arranged in the framework of the International Investment Forum in Sochi.
Experts of the press service promptly and efficiently follow up all important projects of the Company using a variety of formats to provide the information for the media and the public awareness: round tables, press conferences, contests and photo exhibitions.
Along with the traditional tools of data communication, such as corporate publications and TV studio features, there are also electronic tools employed: an Internet portal and e-publication "Oil Newspaper."
In accordance with the legislative requirements and international best practices the Company discloses information about its activities and publishes informational materials and presentations for shareholders, investors and analysts of the stock exchange market.
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