Corporate Governance

Sollers Auto PJSC 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 Auto's corporate governance practice is based on the requirements of the Russian law and generally recognized practices. Sollers Auto 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 Company's Charter the General Meeting of Shareholders is the supreme governing body of Sollers Auto.

The key role in corporate governance is played by the Board of Directors (BoD). The BoD is devoted to protect the interests of Sollers Auto's 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 Chief Executive Officer, supported by the team of professional managers. Sollers Auto 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 Auto’s consolidated financial statements has been audited by Bakertilly Rus JSC

Contact:

32 A Khoroshovskoye Shosse

Moscow, Russia

Telephone: +7 495 258 99 90

http://www.bakertilly.ru/


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