Corporate Governance Developments Enhance Service Improvements

摘要

The National Depository Center (NDC) is Russia's largest provider of settlement and custodial services in terms of assets. It is the only Russian provider of a settlement system for all types of Russian debt and equity securities and it also acts as the national numbering agency for Russian securities.rnEffective corporate governance plays a key role in ensuring NDC's systems and services meet customer demands for security and efficiency. NDC's Board of Directors and its advisory bodies include a large number of shareholders, clients and partners. Not only does this provide for increased transparency in the company's corporate governance and an effective means of influencing NDC policy, it improves NDC's understanding of the expectations of participants and their clients. To meet those expectations, a key development in 2009 has been the reorganization of NDC into a joint stock company.