the audit Committee of the company "Severstal" has begun
the process
consultations with investors and interested parties on the draft
create audit Policy and review audits. This initiative
corporate governance is aimed at implementing the recommendations of sir Donald
Brydon, who in December 2019 published a report about the quality and
the effectiveness of the audit.
At the same time, the Board of Directors of Severstal has published its Report on risks and
their opinion about significant aspects of Severstal, which usually
are published in the annual report. It gives investors and interested
parties the opportunity to obtain information about the current assessment by the Directors of the main
risks and significant aspects of the company before the Committee on
the audit approves the audit plan and review audits.
opening remarks Alan Bowen, Chairman of the audit Committee of Severstal,
the consultation process on the policy audit and review of audits presented
in the introduction to the consultation process. Risk report and report on significant
aspects of Severstal's activity contained in
the Report
about the risks and
the Report
significant aspects "Severstal", respectively.
Alan Bowen, Chairman of the audit Committee of Severstal, commented
the launch of the consultation process:
"I am delighted to begin the process of drafting the first Policy of audit and review inspections
"Severstal", which will be valid for three years. The audit Committee
"Severstal" plans to carry out extensive consultation with our shareholders,
relevant stakeholders to take their views into
the development of a relevant, adapted, useful and efficient audit Policies
and peer review. This initiative is consistent with the goal of "Severstal" to become
the leader of the steel industry in the XXI century. I am grateful to you for what you are
taking the time to read the draft Policy auditing and review audits".
All interested parties may send their feedback and suggestions on
ir@severstal.com
