Corporate Governance

SOLLERS is consistently focused on increasing the efficiency of its corporate governance, protecting the rights and legal interests of stakeholders, ensuring the ethical standards and high level of accountability of its executive bodies.

SOLLERS corporate governance practice is based on the requirements of the Russian law and generally recognized practices. SOLLERS is committed to the key principles of corporate governance provided by Corporate Governance Code approved by the Board of Directors of the Central bank of Russia on March 21, 2014.

In accordance with the Federal Law on Public Joint Stock Companies and the Companys Charter the General Meeting of Shareholders is the supreme governing body of SOLLERS.

The key role in corporate governance is played by the Board of Directors (BoD). The BoD is devoted to protect the interests of SOLLERS shareholders and supervises strategic development and internal control of the Company.

The BoD consists of 9 members, including 3 Independent Directors. To support its activity over different lines of operations, the BoD has formed a number of Committees:

  • Audit Committee
  • Nominating and Remuneration Committee
  • Strategy Committee
  • Innovation Committee
  • Investments Committee

The operational management function is fulfilled by the General Director, supported by the team of professional managers.

SOLLERS has an effective system of control over its financial and operating activities, consisting of: internal auditing commission, an independent auditor and internal audit.

Since 1H2018 SOLLERS Group consolidated financial statements has been audited by Bakertilly Rus JSC

32 A Khoroshovskoye Shosse
Moscow, Russia
Telephone: +7 (495) 2589990

In order to arrange and manage corporate governance conformity and its further development, a Corporate Secretary position was designated in the Company.