MMK's Corporate Website is once again recognised among the best
The investment company BKS World of Investments presented a new rating of the best corporate websites of issuers in terms of convenience and informational content for investors. The website of PJSC Magnitogorsk Iron & Steel Works (MMK) took second place in the rating, placing it among the top three corporate websites for the second year in a row.
In 2022, the rating compilers updated the checklist used to evaluate companies’ corporate websites, adding in the ESG factor. Among the evaluation criteria, placement of operational/monthly results or other information in addition to mandatory disclosure on websites; timeliness and utility of press releases, presentation of results and other significant events and completeness and relevance of information in materials distributed by the company were considered.
Other factors taken into account were the availability of a Databook (a collection of information about the company, usually placed in Excel format, with a history of operational, financial results, and other indicators) and publications of forecasts and management commentary on results and important events. Among other evaluation criteria, transparency and clarity of the dividend policy, provision of market reviews and the company's development strategy, disclosure of the share capital structure and regular updates of the investment calendar were considered. Another criterion was the convenience of the website, specifically in terms of how easily and quickly the necessary information could be found.
Based on the criteria, the top 10 best companies were chosen. MMK took second place in this list. As the rating compilers noted, the ferrous metallurgy sector sets the highest standards for information disclosure and communication with investors in the Russian market: "Metallurgists have the most in-depth information about both their own activities and the state of the industry."
Pavel Shilyaev, CEO of MMK, noted: "Magnitogorsk Iron & Steel Works, being a public company, always adheres to the principles of openness and transparency. We strive to disclose complete and reliable information about the Company's activities as regularly and promptly as possible. Last year, we updated our official website, considering current trends in web design, functionality and informational disclosure. Looking ahead, we seek to make the corporate website even more convenient, user-friendly and informative for visitors."