EVRAZ

EVRAZ Group S.A. operates in full compliance with all applicable laws and regulations, including those regulations incumbent upon it as a result of the listing of its Global Depository Receipts on the Official List of the UK Listing Authority.

EVRAZ Group S.A. is committed to meeting the highest standards of corporate governance, accountability and responsibility for which directors are accountable to shareholders.

The main corporate governance objectives of EVRAZ Group S.A. are:

• to achieve the goal of a proper balance between entrepreneurship and control, as well as between performance and compliance with the rules and standards of corporate governance;
• to facilitate performance-driven management, but also to provide mechanisms for leadership ensuring integrity and transparency in the decision-making process;
• to encourage and enable the Board and management to pursue objectives in the best interests of EVRAZ Group S.A., its shareholders and other stakeholders, and particularly to create long-term value for shareholders.

In April 2007, The Board of Directors approved Corporate Governance Code, Business Conduct code and Ethics Code.