As part of the 12th Director of the Year Awards ceremony which took place in Moscow, Andrey Bougrov, Deputy Chairman of the Board of Directors, Senior Vice President of Nornickel, received an award in the Contribution to the Institution of Independent Directors category.
Dmitry Shcheglov, member of the Executive Board and Chief Operating Officer at the Moscow Stock Exchange, who presented the award, commented: “Mr Bougrov’s long and diverse career has become a benchmark of excellent performance in a range of business areas and industries. He possesses an extraordinary combination of qualities rare in an independent director such as vast erudition and diplomacy along with the ability to argue his case fairly and convincingly.”
Andrey Bougrov said that he had served on management boards at various companies for 25 years, though not always as an independent director, so he considered his contribution to the institution of independent directors to be “modest”. He added that achieving company’s transparency and delineation of shareholder and management functions is impossible without genuinely independent directors who stand their ground for the benefit of their organisations. The top manager also noted the contributions made to the development of the institution of independent directors by the Bank of Russia and the Moscow Stock Exchange. “It is our shared achievement, and we will take good care of it. Thank you very much. It is a great honour for me,” Mr Bougrov said.
Director of the Year is a national award founded in 2006 by the Independent Directors Association and the Russian Union of Industrialists and Entrepreneurs in cooperation with PWC. It is presented annually to the best independent director and the best corporate secretary of the year. This year, Gerhardus Prinsloo, a member of Nornickel’s Board of Directors, was among the 50 best independent director nominees, and Pavel Platov — among the 25 best corporate secretary nominees.