Corporate Governance System
Corporate governance in Company is a set of processes that provide management and control over its activities and include relations between shareholders, the Board of Directors and executive bodies of the Company in the interests of all participants of Corporate Governance.
According to investors, high-quality corporate governance ensures management integrity and transparency of the Company’s activities, and therefore the risk of funds loss is significantly reduced.
Corporate governance in Company is carried out in accordance with the laws of the Russian Federation, the Company’s Charter, internal documents regulating the activities of the management and governing bodies of the Company, the Corporate Governance CodeApproved by decision of the Board of Directors of the Company in the new edition of October 31, 2017, the Report No.248/2017 of November 2, 2017, uploaded on the Company’s website., the Regulations on the Company’s information policy, and other internal documents of the Company.
In compliance with the law, the Company also seeks to comply with corporate governance standards, reflected, in particular, in the Corporate Governance Code recommended by the Bank of Russia for use by joint-stock companies whose funds are admitted to organised trading.
Detailed information on the Company’s compliance with the principles and recommendations of the Corporate Governance Code as of December 31, 2018 is available on the Company’s website.
| Event | January | February | March | April | May | June | July | August | September | October | November | December | Total |
| General Meeting of Shareholders | – | – | – | – | – | 1 | – | – | – | – | – | – | 1 |
| Board meetings | 1 | 5 | 6 | 3 | 4 | 4 | 2 | 4 | 1 | 4 | 1 | 6 | 41 |
| Board Committees: | |||||||||||||
| — on audit | 1 | – | 2 | 2 | 1 | 1 | – | 1 | 1 | 1 | 2 | 1 | 13 |
| — on staff and remuneration | 1 | – | 1 | 1 | 1 | – | – | 1 | 1 | 2 | – | 2 | 10 |
| — on strategy, development, investment and reform | 2 | 3 | 1 | 3 | 3 | 1 | – | 2 | 2 | – | 1 | 4 | 22 |
| — on reliability | 1 | 1 | 1 | 1 | 1 | – | – | 2 | 1 | – | 1 | 2 | 11 |
| — on technological connection | 1 | – | – | 1 | – | 1 | – | – | 1 | 1 | – | 1 | 6 |
| Management Board | 2 | 2 | 4 | 3 | 3 | 6 | 3 | 5 | 3 | 3 | 3 | 6 | 43 |