Metinvest recognises the importance of sound corporate governance and aims to develop its corporate governance system in accordance with international best practices. The Group strives to maintain the highest levels of corporate governance and transparency throughout all of its activities and communications.
Metinvest is a vertically integrated company with strong positions at each stage of value creation: from coal and ore mining, to production and shipment of steel products and pipes to customers. Metinvest is structured into three operating divisions: Iron Ore Mining Division, Coal and Coke Division, Steel and Rolled Products Division. This is the optimal structure for the company providing high transparency and delivering the principal values of Metinvest Group to enhance shareholders value.
Supervisory Board and the Executive Committee are the supreme bodies of management of Metinvest Group. The Board performs strategic management while Executive Committee is responsible for operational management.
To help meet strategic objectives Metinvest focuses on a set of core business management principles:
We do what we can do better than others - we are focused on strategic management of mining and metal businesses. This increases efficiency and enhances value for our shareholders and attractiveness for investors.
We control all elements of the mining and metal production cycle from coal and ore production, to sales of ready-made products to our customers globally. This gives us greater control over our business and enhances stability as it reduces the impact of market changes.
Unified sterategic management
We perform unified and consistent strategic planning and management across all our assets. This allows Metinvest to benefit from business synergies and enhance our shareholders' value.
We have a centralized management system for our assets grouped into three divisions. This ensures optimization of management costs, unifies business processes and technologies, and enhances efficiency of the business.
Growth and investments
We believe in making continued investment into developing and growing our business. This commitment to consistent investment ensures our ability to compete and prosper in international markets.
Best global practices introduction
We study international best practices in business and in the steel and mining sector and then carefully choose the most effective management, production, and information technologies for our business. This helps us achieve the maximum return on investment and compete and win on the international stage.
Composition of traditions and innovations
We keep the best of traditions of steelmaking craft and professionalism enriching them with modern knowledge and technologies.
Commitment to leadership
Our goal is to achieve the leading positions in all fields of our operation. We encourage our employees to develop leadership skills and give them opportunities to use their skills and talents to the fullest. This ensures a stable rate of growth and change in our business.
Personal attitude to business
Our corporate culture is based upon personal and not indifferent attitude and commitment to common business.