- Management Discussion and Analysis (MD&A)
- 2012 annual financial statement in compliance with disclosure and transparency rules (management report 2012)
- 2012 financial statements (according to IFRS)
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 Company’s supreme management body is the General Meeting of Shareholders. The Board of Directors determines the strategy of the Company’s 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 Company’s corporate governance quality.
Detailed information on the Company’s corporate governance is available at the
official website in the section
About Us / Corporate Governance.