OREANDA-NEWS. January 23, 2009.Within the context of corporate governance improvements and the process of attaining the level of best practices, RODOVID BANK is continuing to strengthen internal regulations according to International Financial Corporation`s (World Bank Group) recommendations.

At the close of 2008 the Bank`s internal guidelines were updated with a Regulation on Corporate Secretary of OJSC “RODOVID BANK” which determines the responsibilities, appointment, dismissal and operational tasks of the corporate secretary of the Bank.

The Regulation can be viewed in the “Corporate documents” section on the “Corporate governance” page of the Bank’s web-site.

During 2009 “RODOVID BANK” will pursue its commitment to improving corporate governance by focusing on such relevant aspects of the current financial environment as risk management, internal control, compliance, transparency and information disclosure as well as shareholder rights.