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Norilsk Nickel Shareholder Conflict IPA Opinion

Jun, 2010
The IPA was engaged by UC Rusal to weigh in on the shareholder conflict going on at Norilsk Nickel between its two major shareholders, Rusal (controlled by Oleg Deripaska) and Interros (controlled by Vladimir Potanin) and provide the investors’ consolidated opinion on the conflict. Upon carefully weighing the facts and consolidating our members' opinions, and without taking into consideration Rusal’s own conduct during the conflict, the IPA reached the conclusion that certain violations of corporate governance best practices did take place at Norilsk Nickel. 

The findings were circulated widely by Rusal to support its case. 
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