OREANDA-NEWS. October 03, 2014. Approval of the code of conduct for Board members constitutes a major milestone in the execution of Norilsk Nickel corporate governance improvement program. The document aims to foster business ethics and ensure that all Board members are fully aware of the potential moral risks and conflicts of interest they may encounter during the course of their official duties.

Norilsk Nickel Chairman of the Board, Gareth Penny, commented “Our corporate Governance Nomination and Remuneration Committee has done a very important job, which is now reflected in the form of the approved Code of Conduct. This document was developed based on the global practices and I hope it will help make the Board more proficient and transparent”.

The Code of Conduct lists obligatory professional standards and principles for members of the Company’s Board of Directors, including the following key points:

- Compliance with the requirement of current legislation and internal regulatory documents

- Corporate loyalty and conflicts of interest prevention

- Abuse of office prevention

- Integrity throughout official duties

- Appropriate use of insider information (introduction of temporary restrictions with regards to transactions involving the Company’s securities)

- Compliance with confidentiality restrictions

- Protection and appropriate use of the Company’s assets