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North-West Telecom

September 27, 2004

North-West Telecom JSC took part in the Investment Forum of the Northwestern Federal District: Financial market tools for enterprise development: Actual Experience and Problems

On 24th September 2004 North-West Telecom JSC took part in the Investment Forum of the Northwestern Federal District:  Financial Market Tools for Enterprise Development: Actual Experience and Problems.

The Forum was organized by the Ministry of Economic Development of the Republic of Karelia and the Rynok Tsennykh Bumag (Securities Market) publishers, International Financial Corporation (IFC).  

Among the key speakers at the Forum were:

  • S.L. Katanandov, Head of the Republic of Karelia
  • L.P. Sovershayeva, Deputy Plenipotentiary of the RF President in the Northwestern Federal District

Greeting the participants of the Forum, S.L. Katanandov, Head of the Republic of Karelia, said: “We are glad that we can discuss Republic’s problems; bearing on the key branches of the economy, including communication, we will be to develop the market actively and to facilitate attracting investors to the region.”    

A sectional meeting dedicated to corporate management issues was held in the framework of the Forum. A.A. Filatov, Chief Executive of the Association of Independent Directors, managers of the regional department of the Federal Financial Markets Service and representatives of the major enterprises in the region took part in the work of the section.    

Nikolay Bredkov, Corporate Management Director of North-West Telecom JSC, delivered at the meeting a report Tools for Organizing the Work of the Board of Directors: from Theory to Practice. What do Investors Appreciate?  In his speech Nikolay Bredkov touched upon the following issues:

  • Basic areas of corporate management development
  • Efficiency of the work of the Board of Directors
  • Observance of shareholders’ rights and information disclosure

The participants of the Investment Forum and the government of the Republic of Karelia took a decision stating that  the Investment Forum of the Northwestern Federal District: Financial Market Tools for Enterprise Development: Actual Experience and Problems in Petrozavodsk will become a regular event and will be held once in two years.

The participants of the Corporate Management section signed a memorandum providing for an active introduction of the basic principles of corporate management by enterprises of the region in their activities.

 

 

 

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