Board of Directors

The Board of Directors of RVC acts on the basis of Russian legislation, the charter of RVC, Regulations of the Board of Directors and other internal company documents.

The Board of Directors carries out the general management of the company, except for the issues assigned by Russian legislation and the charter of RVC as the responsibility of the General Meeting of Shareholders. The Board of Directors also supervises the activities of the Managing Board and Chief Executive Officer of RVC.

The Board members are elected by the General Meeting of Shareholders for a termthat expires at the next annual meeting. The size of the Board of Directors is similarly determined by the resolution of the General Meeting of Shareholders, but cannot be less than five people.