Appeasement? No! Time to get toughinch by inch, Severstal has diluted YOUR value and used the system to hurt YOU, I suggest we stop navel gazing and start to use Severstal's rules to our benefit. Get active, silence is acceptance. They want us to be passive and not rock the boat. What do YOU THINK?
This is just one topic from Severstal's web page under
https://www.severstal.com/eng/about/corporate_governance/shareholders/index.phtml
Shareholder Rights
Severstal practices a non-discriminatory policy towards all its shareholders, regardless of their share of equity, their nationality or the jurisdiction of their incorporation.
The Company secures the full observance of all requirements provided for by the applicable corporate laws and follows best international corporate governance practices.
Continued progress towards the best international practice in corporate governance is crucial to company investment procurement strategy.
Establishing transparent mechanisms for securing the rights and interests of company shareholders is a top priority of Severstal’s corporate governance.
- The primary means for Company shareholders to exercise their rights is through participation in General Shareholders Meetings and the right to vote on all issues they are competent to vote on.
- Notice of a General Shareholders Meeting shall be given in accordance with applicable law or the Company’s Charter but in any event not later than 30 days before its scheduled date.
- Shareholders are entitled to receive regular and timely information about the Company’s operations, its management bodies and audit bodies; the procedure for and the terms and conditions of providing such information are prescribed by regulatory acts of the Russian Federation, the Company’s Charter and internal documents and rules of the stock exchanges on which the Company’s securities are listed.