The results of generalized empirical studies in BRIC countries show that a unit of corporate governance improvement using the Standard&Poor's methodology accounts for 13.6% of the company's value increase in Brazil, 10.5% in Russia, 17% in India, and 39.8% in China.
An important task of the Fund as a management company is to create a high-quality corporate governance system. One of the key steps in this direction was the annual diagnostics of the corporate governance system of group companies of the Fund (hereinafter Diagnostics) using own Methodology of diagnostics of corporate governance system group companies of the Fund (hereinafter - Methodology). The methodology allows you to determine the rating of compliance with the best practices of corporate governance and is intended to become a tool for continuous monitoring of the process of improving corporate governance in the Fund's companies.
The methodology was developed based on the following advanced standards:
- GAMMA Standard&Poor's methodology
- Corporate governance requirements of Fitch and Moody's rating agencies
- OECD corporate governance principles
- OECD recommendations on corporate governance for companies with state participation
- United Kingdom corporate governance Code
- Recommendations of the Institute of certified secretaries and administrators
- Guidelines on reforming the activities of state-related companies (GLC) prepared by the Putrajaya Committee on improving the efficiency of GLC (KazanahNasionalBerhad, Malaysia)
A high level of corporate governance not only affects the economic performance of the company, increases transparency, and makes the decision-making process complete, but also positively affects the perception of the company by investors.