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Annual Report 2015

ru

Management bodies

The Company’s governance system is intended for effective carrying out financial and economic activities to ensure balance of interests of different groups of stakeholders, including shareholders, management etc.

The corporate governance system is a combination of management and control bodies acting in accordance with laws of the Russian Federation, the Articles of Association of the CompanyFull texts of the Articles of Association and internal documents of PJSC IDGC of the North-West are available on the Company’s website at www.mrsksevzap.ru., the Corporate Governance Code and includes:

General Meeting of Shareholders is the supreme management body of the Company.

Board of Directors is a management body responsible for strategy development, control over activities of executive bodies and objective assessment of the Company’s financial standing.

Management Board is a collegial executive body designated to solve the most difficult issues relating to management of the Company’s current activities.

General Director is the sole executive body carrying out the current management of the Company’s activities and responsible for the implementation of the Company’s strategy designed by the Board of Directors.

Auditing Commission is a body carrying out the regular oversight of Company’s financial and business activities.

The scheme of interaction between management and control bodies
The scheme of interaction between management and control bodies