NSD Announces Results of Supervisory Board Meeting
OREANDA-NEWS. The Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, met on 16 February 2016 and approved the company’s Business Continuity Strategy, Risk Management System Development Strategy until 2020, and the maximum allowable total risk level of NSD for 2016.
Every year, NSD assesses its corporate governance system in accordance with the Bank of Russia’s recommendations (Letter №11-T “On a Corporate Governance Assessment Questionnaire for Credit Organizations” dated 7 February 2007); the depository considers the assessment an important instrument of control over the corporate governance quality. The Supervisory Board considered and approved the company’s 2015 Corporate Governance Report for 2015.
The meeting participants took into consideration the report on the company’s Customer Satisfaction Index. For the third year in a row, the Index demonstrated the positive dynamics: in 2015, it reached 89% (87.9% in 2014).
In accordance with the Supervisory Board’s resolution, Andrey Shlyappo, Deputy Chairman of the Executive Board, was reappointed as a member of the Executive Board for a further term (until 1 April 2018 inclusively).