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Corporate Governance

Federal Grid Company observes all corporate governance principles focused on long-term goals, ensuring the transparency of its activities, environmental protection, labor safety and the social protection of its employees.

The Companys supreme management body is the General Meeting of Shareholders. The Board of Directors determines the strategy of the Companys development and also supervises the activities of the Management Board. The Management Board is entrusted with operational management of the Company.

Committees are formed under the Board of Directors, the activities of which are aimed at upgrading the effectiveness and quality of work of the Board of Directors. Current activities of Federal Grid Company are managed by the Management Board, which is headed by the Chairman. The Management Board is accountable to the General Meeting of Shareholders and to the Board of Directors.

The Chairman of the Management Board is the sole executive management body. The Company has an effective control system. The external control system, introduced to protect the interests of shareholders, is represented by an independent auditor and the Audit Commission.

The internal control system includes both audit and control divisions. We have developed and implemented numerous normative documents that regulate corporate governance principles and procedures. Particularly, in 2012, our Company adopted a new Corporate Governance Code, which reflects provisions that significantly improve the Companys corporate governance quality.

Detailed information on the Companys corporate governance is available at the official website in the section
About Us / Corporate Governance.

Total area spanned 75 Russian regions
square km
The length of our transmission lines is 131.6 thousand km.
This is equivalent to a spaceship orbiting the Earth four times.
A reliable energy sector
for Russias
economic growth
3 643 km
transmission lines
put into operation
in 2012
25 103
PEOPLE
Total number
of corporate
employees as of
31 December 2012
26%
over-fulfillment
of commissioning
plans for
substations