The corporate governance system of PJSC "Rosseti Moscow Region" is formed in accordance with the recommendations of the Corporate Governance Code approved by the decision of the Board of Directors of the Bank of Russia dated 21.03.2014 and recommended for use by the Letter of the Bank of Russia No. 06-52/2463 dated 10.04.2014, the requirements of the existing legislation of the Russian Federation, the Charter and internal documents of the Company, as well as based on the Company's obligations in connection with its business in securities on the Russian stock market.
The Company strives to comply with the principles of corporate governance enshrined in the Corporate Governance Code of the Bank of Russia.
The latest changes were made in accordance with the decision of the Board of Directors dated December 22, 2022 (Minutes dated December 23, 2022 No. 557).
The quantitative membership is 12 people.
Competence of the Company’s Management Board:
elaboration and submission to the Board of Directors’ consideration of the perspective plans on realization of the Company’s principle types of activities;
approval (adjustment) of target values of key efficiency indicators (KEI) for departments (officers) of the Company;
preparation of a business plan (adjusted business plan) and a report on its fulfillment results, and also approval and adjustment of cash flow according to the list approved by the Board of Directors and the values of the Company’s cash flow’s control indicators (with a further obligatory sending to the Company’s Board of Directors);
preparation of the investment program and report for the Company’s Board of Directors on its fulfillment results;
consideration of separate Company’s investment projects at the sum of over RUR 2 (Two) million and the reports’ approval of the Company’s officers and departments on their realization’s efficiency;
program preparation of the Company’s re-equipment, reconstruction and development;
quarterly budget approval of the Company’s cash flow and also a report on its execution;
annual program preparation on the Company’s purchasing activities, approval of the quarterly programs on the Company’s purchasing activities in terms of the annual program, and also the reports preparation on the annual and quarterly programs execution on the Company’s purchasing activities;
report preparation on the Company’s financial and economic activities, on decisions fulfillment by the Management Board of the General Shareholders’ Meeting and of the Company’s Board of Directors;
decisions taking on the transactions settlement the subject of which is property, works and/or services the cost of which amounts to over 1 percent of the Company’s assets’ balance sheet value, according to the accounting reports’ data as of the last reporting date, except for transactions settled in the process of the Company’ standard economic activities, and also transactions, the decision on settlement of which is related to the competence of the Company’s Board of Directors according to the present Charter;
preliminary consideration and giving of recommendations to the Company’s Board of Directors on issues, proposed to consideration of the Company’s Board of Directors in the order, stipulated by the Company’s internal document regulating the order of activities of the Company’s Management Board;
decisions taking on issues, related to the competence of top governance bodies of the economic entities, 100 (One hundred) percent of the authorized capital or all the voting shares of which belong to the Company (subject to subitem 36 of item 15.1 of the present Charter);
reports consideration of Deputies Director General of the Company, that of the structural subdivisions’ chiefs of the Company on the execution results of the approved plans, programs, instructions, the consideration of reports, documents and another information on the Company’s activities and the Company’s subsidiaries and affiliates;
other issues’ decision of governance by the Company’s current activities, according to the decisions of the General Shareholders’ Meeting, of the Company’s Board of Directors, and also issues proposed to consideration to the Management Board by the Company’s Director General.