Corporate Governance

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Corporate Governance in NK YUKOS. Russian
Corporate Governance Roundtable
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Dynamics of quotation of NK YUKOS shares
Adoption of the Statement on corporate policy
2001
1999
2000
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Work on improvement of the corporate governance
goes on

• The preparation for issue of Level II and Level
  III ADR
• There have been initiated activities in order to
  get credit rating
• The Services on Investors Relations will work
  more actively. Telephone conferences with
  investors, Internet-conferences and presentations
  are planned with the purpose to facilitate more
  complete and correct disclosure of the relevant
  information.

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What does corporate governance mean for each of
us?
1. Personal honesty and decency

• - Market-based transactions
• Consideration of joint interests in the course
  of decision-making
• Observance of all laws and regulations

2. Everyone will gain from this due to
- Increase of the Companys stock price -
Expansion of access to cheap financial
resources - Improvement of relations with
business partners - Speeding-up of rate of the
Companys development and expansion of
opportunities for professional growth -
Improvement of legislation caused by fundamental
changes in the corporate governance practice of
the Russian companies
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What does corporate governance mean for each of
us?

• Both top management of the Company and Board
  members and directors of all levels and
  employees of the Company have to bear
  responsibility
• It is necessary to learn to live in this
  every day
• Senior managers are examples for subordinates