General Meeting of Shareholders

The head management body of RVC is the General Meeting of Shareholders, which makes decisions on the most important issues, including approval of the Charter of the company, approval of major transactions, and election of the Board of Directors and RVC executive bodies, (both general and individual).

In accordance with Russian legislation, RVC is obliged to convene the General Meeting of Shareholders on an annual basis. A General Meeting of Shareholders is convened on an annual basis not earlier than two months, and not later than six months after the end of the respective financial year. It’s highly unusual for a General Meeting of Shareholders to bee convened in addition to the Annual General Meeting.

The terms of reference of the General Meeting of shareholders are defined in RVC’s Charter and the legislation of the Russian Federation. The sole shareholder of RVC is the Russian Federation represented by the Federal Agency for Federal Property Management. The above authority is implemented by the Federal Agency for State Property Management (Rosimushestvo).