Standard Poor's notes the increase in the difference in transparency between leaders and laggards, and together with the lack of transparency in the dynamics of the average 90 of the largest Russian public companies in 2009, this conclusion intelligence agencies have made in a joint study with the Center for Economic and Financial Research at New Economic School ( CEFIR), and the results published today in the report Study of information transparency Russian companies in 2009

According to the study, an index of information transparency, which is calculated as the average score of 90 Russia's largest public companies, the study in 2009 was on par with last year, accounting for approximately 56%. In the group of 76 companies that were included in the study as in 2008, and in 2009, the index also remained stable - 58%.

first position in this year took the company OAO Rosneft, with a score of 80% (2 nd place in the last year). Company CTC Media, Mechel OAO, OAO Mobile TeleSystems (MTS), OAO Novolipetsk Steel (NLMK), OAO TMK (TMK) and Vimpel-Communications ( VimpelCom ) also remain in the top ten. After a two-year break in the top ten leaders returned to the company, Rostelecom (9 th). In addition, dozens of companies with the highest level of transparency originated OAO Magnitogorsk Iron and Steel Works (MMK) (3rd place) and JSC Akron (10 th). Standard Poor's also notes that a significant increase in the level of transparency - more than 15 percentage points - Demonstrated Sberbank of Russia and OAO KAMAZ (though these companies and do not fall into the top ten leaders).

The lack of dynamics of the average level of transparency was due mainly to multi-directional changes in disclosure practices by companies of the sample: the number of companies, which increased its score is almost identical to the number of those that have lowered: 39 to 37 companies respectively - noted analyst Rating Service corporate governance Elena Pastukhov. - How do we view positively the fact that the number of companies with a level of transparency over 60% (which is quite acceptable performance in terms of management of the foreign investor), increased by five, reaching 37 .

With regard to detection of the ownership structure, the results were mixed, the report says. On the one hand, the percentage of companies disclosing at least one owner, has increased from 83,3% to 93,3% of the total number of companies, and the proportion of companies disclosing at least one large (more than 25% of votes) of the owner, has grown from 80, 0% to 87,0% of the number of companies with such owners. On the other hand, a decrease in detection of controlling - from 80,4% to 75,9% of the total number of companies with a controlling shareholder.

The study is a joint research projects Standard Poor's and CEFIR. It was carried out with financial support of JSC RTS.
Today is expected to yield data on oil reserves in the U.S. that will determine the dynamics of oil and Russia's market
Waiting for reporting U.S. financial institutions may increase the interest in the shares of Russia's banking sector
Russia stock market at the opening will go down because of the external background, while the MICEX index may fall to 1340 points
Players are better off in the most liquid stocks, but keep your hand on the pulse and to remain vigilant
Today news background re-introduced in the main corporate records of foreign companies
Opening today's trading on the equity market is expected to break down in the 1%
Magnet is planning to deploy an additional issue of GDRs on the London Stock Exchange
MMK increased steel production in 3 quarter of 2009 by 31% compared with 2 quarter 2008
For the players today will be important data for the Ministry of Energy U.S. oil reserves