Principles and system of corporate governance of Russian Railways Logistics JSC

The Company complies with applicable legislation, follows most of the key principles of the Russian Corporate Governance Code recommended by the Bank of Russia (approved by the Board of Directors of the Bank of Russia on 21.03.2014), and continues to implement best corporate governance practices in its operations.

Compliance with the law

Compliance with the laws of the Russian Federation and other countries in which the Company operates

Unified approach

Equal and fair treatment of shareholders

Strategic management

Professionalism and leadership of the Board of Directors in the strategic management of the Company

Integrity

Effective leadership by the CEO with integrity and accountability to the board of directors

Effectiveness

Ensuring the effectiveness of the risk management, internal and external audit system

Disclosure of information

Openness and transparency in information disclosure

Fighting corruption

Creating an effective system to counter corruption

Ethics

Ensuring a high level of business ethics

Responsibility

Corporate social responsibility

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Information on compliance with the principles and recommendations of the Corporate Governance Code recommended by the Bank of Russia

Despite the fact that JSCo RZD Logistics is a non-public joint stock company, the Company endeavours to comply with the recommendations and provisions of the Corporate Governance Code (approved by the Board of Directors of the Bank of Russia on 21.03.2014).

The table provides information on compliance with the recommendations of the Corporate Governance Code in the format recommended by the Bank of Russia for use by issuers.

Compliance with the provisions of the Code in the recommended format was assessed by the Company itself using a critical approach based on analysis of recommendations to the corporate governance principles contained in the Code.