PRINCIPLES OF CORPORATE GOVERNANCE
JSC "INC-Capital" strictly follows the standards and requirements of current Russian Federation legislation. In the conduct of its business, the company seeks to ensure effective protection of the rights and legitimate interests of shareholders and stakeholders, maximum transparency through development and implementation of internal regulations and guidelines in compliance with international practice, and voluntary disclosure to a greater extent than what is required by law.
The company views improving corporate governance mechanisms as an effective tool to increase competitiveness, improve production, and enhance the company’s business reputation and thus decrease the cost of capital. Implementation of JSC “INC-Capital" plans to improve corporate governance should lead to the development of strong relationships of trust among management, employees, investors, shareholders, and the public.
GENERAL SHAREHOLDERS’ MEETING
The General Shareholders’ Meeting is the supreme governing body of JSC “INC-Capital". Federal Law "On Joint Stock Companies” and the company’s Charter govern the General Shareholders’ Meeting’s jurisdiction, procedures for convening, and for making decisions.
BOARD OF DIRECTORS
The JSC “INK-Capital” Board of Directors provides the company with strategic guidance by approving its core operations, development and business plans, budgets and main capital expenditures. Legislation and the company’s Charter govern the Board of Directors’ jurisdiction, compensation and decision-making procedures. The company’s Board of Directors consists of five members, including an independent director.
CHIEF EXECUTIVE OFFICER (CEO)
The General Director (Chief Executive Officer) is the sole executive body of JSC “INK-Capital”. The CEO is responsible for management decisions that are not under the jurisdiction of the General Shareholders’ Meeting or the Board of Directors. The CEO is responsible for day-to-day operations, administrative control, staff, and facilitation of company business.
