Corporate Governance Structure
Our corporate governance system complies with the requirements of Russian legislation, and our governance structures are based on the generally accepted standards and practices stipulated by the Russian Code of Corporate Conduct and the UK Corporate Governance Code. The corporate governance principles, structures, procedures and practices are set out in PhosAgro's Charter and Corporate Governance Code.
The Shareholders' Meeting is the principal forum through which the owners of the Company exercise their ability to decide on the most significant issues affecting PhosAgro. These include appointing corporate bodies, approving the financial statements and amending the by-laws.
The Board of Directors provides overall guidance to the company, except in areas that are the remit of the shareholders' meeting.It sets targets and oversees implementation by the ManagementBoard and CEO.
The Management Board, chaired by the Chief Executive Officer, manages the day-to-day operations of the Company and implements the strategy approved by the Board of Directors.
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