MED made rating in compliance with the principles of corporate governance

The Ministry of Economic Development (MED) has finalized its assessment of the respective companies Azerbaijani standards of corporate governance, which takes into account the principles of corporate governance OECD (Organization for Economic Cooperation and Development). Grade point average estimate was 63%.

The evaluation, which was attended by 33 joint stock companies and limited liability companies, the rating, Turan was told by the press service of the Ministry. This rating reflects the level of transparency of the company's optimal governance structure, ensuring the rights of shareholders, etc. Total score indicates the level of corporate governance on nine criteria.

Maximum (98.2% out of 100% possible) received JSC DemirBank. 

Note that the bank's shares are included in the quotation list of the first level of BSE. The bank pays a steady dividend increases share capital, subject to the pro rata share of the existing shareholders, publishes annual reports, etc., can not be said of many other parties to the evaluation of the campaign. Among them, there are also companies with 100% state participation (Azerlotereya - 50,2%, Clean City - 70.6%, Azerbaijan Investment Company - 82.3%). The minimum score for the level of corporate management (7.5%) received Ltd. Azerstar, which owns about 98% of Sumqayit Kompressorlari. - 08D -