In its activity JSC Uralkali seeks to follow the highest standards of corporate governance, understanding their effectiveness for the improvement of the Company's economic development and growth as well as the confidence increased confidence of the investor.

Corporate governance principles are a set of rules regulating the activity and behavior of a company's shareholders, its directors and management. These principles are the underlying elements on which the entire system of corporate governance is based. The principles of corporate governance are developed with due regard to the interests of all groups taking part in the management of a company and the elaboration of its policy.

The importance of the corporate governance principles lies in the fact that they, among other things, being a peculiar system of 'checks and balances', are aiming at the prevention of the possible conflicts among different groups of stakeholders and, in the end, at the achievement of the most efficient economical and financial results of a company's activity.

JSC Uralkali follows the principles of corporate governance that take into consideration the necessity and importance of the protection of shareholders' rights, the equitable treatment of shareholders, the performance by the executive bodies of the their bona fide duties and with due care as well as the disclosure of reliable information in a timely manner.

By implementing the high standards of corporate governance, JSC Uralkali seeks to enhance its accountability before the shareholders and investors and, as a consequence, to enhance the degree of their confidence in the company.

The Company undertakes to develop the corporate governance in compliance with the principles that ensure (Section 2 of the Code of Corporate Governance):

1. a real opportunity of the shareholders to exercise and protect their rights connected with the shareholding in the Company;
2. a performance by the Board of Directors of the strategic management of the Company's operations and of the effective control on its part of the activities of the executive bodies of the Company, as well as the accountability of the Board of Directors to the General Meeting of Shareholders;
3. the necessity of the Company's executive bodies to prudently and in good faith carry on the governance of the day-to-day activities of the Company, their accountability to the Board of Directors of the Company and the General Meeting of Shareholders;
4. a timely disclosure of the information concerning the Company, including its financial standing, economic indicators, the structure of ownership and management;
5. an effective control of the financial and economic operations of the Company;
6. the rights of the Company's employees stipulated by the law of the Russian Federation, a development of the partnership relations between the Company and the employees in resolving the social issues and regulation of the labor conditions;
7. an active cooperation of the Company with the investors, creditors and other interested persons for the purpose of the increase of the assets and the value of the shares of the Company.