We define corporate governance as a set of processes ensuring that the company is governed and managed in the best interest of its shareholder. These processes cover relationships between our shareholder, Board of Directors and executive team.
JSC Inter RAO — Electric Power Plants is governed by:
Annual General Meeting is our highest decision-making body.
Since one single shareholder owns all voting shares of our company, this shareholder makes in writing all resolutions on the matters in the authority of Annual General Meeting.
Board of Directors
The Board of Directors oversees the activities of JSC Inter RAO — Electric Power Plants and makes decisions on the matters in its authority as detailed in our Corporate Bylaws.
Sole Executive AuthorityOn August 1, 2011, LLC Inter RAO — Management of Electric Power Plants was appointed the sole executive authority of JSC Inter RAO — Electric Power Plants.