Segezha Group has won the 21st annual competition of year reports, in the nomination for the Best Debut
The award ceremony celebrating winners of the 21st Annual Competition of Year Reports organized by Moscow Stock Exchange and RCB Media Group took place on December 4, 2018. The year report of Segezha Group (part of Sistema JSFC ) for 2017 won in the nomination for the Best Debut.
The competition of year reports, sponsored by the Moscow Stock Exchange is, in the opinion of the business community, one of the most important events in the sphere of corporate management and interaction with investors, a venue for sharing standards of presenting business information and company development strategy for shareholders, as well as delineating new trends and best practices in terms of content, structure and design of year reports. This year a total of 122 companies took part in the year report competition.
“Segezha Group, being a non-public company, seeks to comply with the best international practices of information disclosure, increasing investment attractiveness and compliance with international corporate reporting standards. The high rating of our first year report gives us a reference point that we will try to follow,” Anastasia Malitsina, Director for Corporate Communications and Investor Relations said at the award ceremony.
As a side note, in November 2018, the Spotlight Awards, an international competition organized by the League of American Communication Professionals (LACP), placed our year report on the 63rd spot in the rating of more than 500 companies from 44 industries, and won a gold medal in the category of companies with capitalization between USD 100 million and USD 1 billion, having received 98 out of 100 possible points.The judge panel of the XXI Annual Year Report Competition in Moscow included 16 experts, including representatives of large investment funds, professional associations, public organizations and regulatory bodies, leading financial analysts, and specialists in corporate governance and communications. The judge panel used the KPMG methodology to assess the submissions, which uses a set of special criteria in compliance with the Corporate Governance Code of the Bank of Russia, the IFRS Practical Manual “Management Commentary,” the European Directive for Transparency and the recommendations on financial reporting compiled by the British Council and entitled “Manual for Preparation of Strategy Reports.”