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The Corporate Governance Quality Rating (CORE-rating) was a result of detailed analytical processing of corporate information obtained by the Institute in 2000-2003 as a minority shareholder of the respective companies.
The CORE-rating was a specific numerical indicator of the quality of a company's corporate governance based on a scale whose maximum value corresponded to corporate governance performance of an ideal company, i.e. a corporate benchmark.
Along with the general rating of companies, the Institute assigned sub-ratings characterizing particular aspects of the corporate governance practice (information disclosure, shareholders' equity structure, operation of the board of directors and executive bodies, shareholders' rights, absence of risks, corporate governance history).
The Corporate Governance Quality Rating of Russian companies (CORE-ratings)
were assigned to all the leading Russian companies with aggregate capitalization of about 90% of the total market capitalization. The Institute rated all the Russian "blue chips" except Sberbank of Russia. The ratings enabled their users to compare the largest oil & gas, telecommunications and power companies in terms of their corporate governance quality.
The Institute conducted its rating assessment of the quality of corporate governance of Russian companies in the period between 2000 and 2003:
Results of the Institute's rating research conducted in 2000-2003 can be reviewed here.
Materials prepared on the basis of the rating research conducted in 2000–2003:
Changes in the quality of the corporate governance of Russian companies, as evidenced by their CORE-rating.
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