Board of Directors

Board of Directors of the Company shall exercise the general management of the Company, with the exception of decision making with regard to matters placed by the Federal Law "On Joint Stock Companies" and the Articles of Association of the Company, under the jurisdiction of General Meeting of Shareholders.

The Regulations on the Order of Convocation and Carrying out of Meetings you can see here.

All the matters within the competence of the Board of Directors shall not be transferred to the Director General or Management Board of the Company. Members of the Board of Directors exercising their rights and executing the duties shall act in the interests of the Company, performing their duties conscientiously and reasonably. Members of the Board of Directors shall be liable to the Company for loss, caused by their culpable commission/omission, if other arguments or measures of responsibility are not defined by the federal laws. At the same time those members of the Board of Directors who have voted against the resolution which caused Company's loss, or have not taken part in the vote, shall not be held liable.

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