General information on corporate governance of the Company

Corporate governance objectives of the Company:

To observe the rights and interests of shareholders

To grow shareholder value and investment attractiveness

To make a profit based on the results of operations

To ensure effective management of assets owned

Corporate governance principles of the Company

Fairness
The Company commits to treating all shareholders fairly and equally, defending their rights, and giving them the chance to get strong protection in the case that such rights are violated

Transparency
The Company ensures timely disclosure of information about its activities in line with current laws, as well as free access to such information for shareholders and other interested parties

Accountability
The Board of Directors of the Company is accountable to the Company’s shareholders

Responsibility
The Company recognises and ensures the rights of shareholders and all interested parties as stipulated by the laws of the Russian Federation

Key documents regulating corporate governance in the CompanyThe documents mentioned herein and other internal corporate governance documents of the Company are published on the  website of Rosseti Kuban JSC in the About the Company / Constitutive and Internal Documents section.:
  • Articles of Association
  • Regulations on the Company’s management bodies (General Meeting of Shareholders, Board of Directors, Management Board)
  • Regulations on Committees under the Board of Directors
  • Corporate Governance Code
  • Auditing Commission Regulations
  • Regulations on the Dividend Policy
  • Regulations on the Corporate Secretary of the Company
  • Procedure for interaction between the Company and business entities whose shares (stakes) are owned by Rosseti Kuban JSC
  • Policy on the ownership of shares in the Company, its S&As and other entities by members of the Board of Directors