GOVERNANCE

Corporate governance of Novosibirskenergo is a system of corporate regulations governing the Company and the daughter companies, which is based on information disclosure, transparency, and legality of relationships between the parent company and the daughter companies in decision-making.

Corporate governance subsystem of Novosibirskenergo includes Corporate Department and Real Estate Department, and has the following goals:

analysis of documentation and preparation of drafts of decisions, tasks, evaluations for the Board of Directors;

organization of revision commissions for evaluation of the management of the Company, daughter companies and subsidiaries;

organization of meetings of the Board of Director and Shareholders;

real estate management according to the three dimensions: management, registration of rights, registration of land;

property transfer into the capital of the newly organized daughter companies;

registration of rights to the land under Novosibirskenergo facilities in accordance with the RF legislation.

Land utilization, property evaluation, and taking inventory are services contracted from the subsystem of corporate governance.