Corporate Governance in the TC Megapolis

Corporate Governance

TC MEGAPOLIS has implemented a system of corporate governance whereby relations within the company and with external stakeholders are clearly structured.

The main corporate governance bodies at the company are:

General Shareholders Meeting
Board of Directors Committees
General Director

General Shareholders Meeting

The General Shareholders Meeting is the highest governing body of TC MEGAPOLIS, JSC. The functions of the shareholders meeting include appointing the Board of Directors, electing the Revision Commission, selecting the company’s auditor, approval of the annual report and financial statements, and allocation of profit, including the payment (declaration) of dividends.

Board of Directors Committees

Three committees were formed by the Board of Directors to review important issues in detail before they are presented to the Board

The Audit Committee works with the Board of Directors to monitor the financial and operating activities of the company, including:

Overseeing the preparation and presentation of financial and other reporting
Ensuring that reporting is complete and accurate
Establishing an effective system of internal controls and risk management
Facilitating constructive communication between the external auditor, company divisions responsible for internal controls and the internal audit service
Monitoring the company’s compliance with relevant laws and internal regulations

The Personnel and Remuneration Committee is responsible for reviewing issues related to corporate governance, HR policy and corporate social responsibility.

The Strategy Committee determines the strategic goals and priorities for the company. The committee’s main areas of focus include:

Business planning, including budgeting and setting financial and operational targets
Developing strategic plans for increasing the company’s value
Establishing the company’s investment, marketing, dividend and lending policies