Corporate Structure

The Supreme governing body of PJSC Severalmaz is General Meeting of Shareholders; they make decisions concerning Severalmaz’s primary activities. The Board of directors carries out general management of PJSC Severalmaz, they have competency to determine priority activities for the company. CEO and directorate manage the day-to-day activities of the company and are accountable to the Board of directors and General Meeting of Shareholders.

General Shareholders Meeting

General Shareholders Meeting of JSC Severalmaz is the supreme governing body of the Company and acts in compliance with the competence defined by the laws of the Russian Federation, the Charter of JSC Severlamaz, and the Regulations on the General Meeting of Shareholders of JSC Severalmaz. Annually JSC Severalmaz holds an annual general meeting of shareholders in accordance with the Charter and the legislation of the Russian Federation. The General Meeting of Shareholders solves the most important issues of the activities of JSC Severalmaz, such as:

  • Election and early termination of powers of members of the Board of Directors, the sole executive body, the Audit Commission.
  • Distribution of profit, including payment (declaration) of dividends.
  • Approval of major transactions and interested party transactions in cases stipulated by the Charter of JSC Severalmaz and Russian legislation.
  • A complete list of issues related to the competence of the general meeting of shareholders is set out in the Charter of PJSC Severalmaz (paragraph 13.3).
Board of Directors

The Board of directors carries out general management of JSC Severalmaz. The Board of directors acts in accordance with the legislation of the Russian Federation, the Charter of JSC Severlamaz, and Regulations on the Board of Directors of JSC Severalmaz.

The Board of Directors competence includes resolving general issues related to the management of the Company and determining priority areas for the Company's activities and development. In particular, the Board of Directors solves such issues as: Convocation of the annual and extraordinary general meeting of shareholders and approval of the agenda for the meeting. Recommendation on the amount of dividend per share and its payment procedure Approval of major transactions and interested party transactions in cases stipulated by the Charter of JSC Severalmaz and Russian legislation.

A complete list of issues related to the competence of the general meeting of shareholders is set out in the Charter of PJSC Severalmaz (paragraph 14.2).

CEO

The CEO of JSC Severalmaz carries out direct management of the company. CEO competency includes resolution of all issues not within the competence of the General Meeting of Shareholders and the Board of Directors.

Executive committee

Executive committee acts in accordance with the legislation of the Russian Federation, the Charter of JSC Severlamaz, and Regulations on the Executive committee JSC Severalmaz. The Executive committee of JSC Severalmaz carries out direct management of JSC Severalmaz. The Chairman of the M Executive committee is the CEO.