14 March 2011

JSC is much better than a state corporation

According to the press center of the RUSNANO State Corporation, the Russian Nanotechnology Corporation was the first of the state corporations to complete the reorganization and since March 11, 2011, it has been re-registered into the open joint stock company RUSNANO.

All 100% of RUSNANO shares are owned by the state. Currently, the Board of Directors and the Audit Commission of the Company have been formed, and the Chairman of the Management Board, Anatoly Chubais, has been appointed. The Management Board of JSC RUSNANO will be formed at the first meeting of the company's Board of Directors (it is planned that it will be held at the end of March 2011).

RUSNANO has acquired all the rights and obligations of the state corporation in the order of universal succession. JSC RUSNANO continues to implement the state policy in the field of nanotechnology, including the commercialization of scientific developments in the nanoindustry.

The tasks of the state corporation for the creation of innovative infrastructure in the field of nanotechnology and the implementation of educational programs will be carried out by the Fund for Infrastructure and Educational Programs, which was created in accordance with Federal Law No. 211-FZ "On the reorganization of the Russian Corporation of Nanotechnology".

The change in the status and structure of RUSNANO will allow the company to become more dynamic and efficient, will clearly focus the activities of the OJSC on achieving business results, and the Fund on creating the infrastructure of the nanoindustry.

"The reorganization of RUSNANO into a joint–stock company is not just a change of signage. This is a transition to the new requirements of transparency and responsibility that characterize an open joint stock company. This is a transition to a different level of interaction with the business environment and the scientific community, which will be implemented in new high-tech projects in the field of the Russian nanoindustry," said Anatoly Chubais, Chairman of the Management Board of RUSNANO.

Portal "Eternal youth" http://vechnayamolodost.ru14.03.2011

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