Board of Directors of Russian Railways
The Board of Directors consists of highly professional managers with significant experience in collegial management bodies and the necessary knowledge and competence to solve the Company’s long-term strategic goals regarding development.
The practice of the Board of Directors of Russian Railways is characterised by the high level of involvement of members of the Board of Directors in shaping the strategy of Russian Railways and defining the position of Russian Railways with regard to stakeholder engagement.
As part of the implementation of the state policy to expand the practice of electing independent directors to the governing bodies of companies with state participation, independent directors have been regularly elected to the Board of Directors of Russian Railways since 2008.
The rights and obligations of members of the Board of Directors and their responsibility, as well as the procedure for organising the work of the Board of Directors and its decision making, are enshrined in the Regulations on the Board of Directors as approved by the Government of the Russian Federation.
To ensure that high-quality and timely decisions are made, the Board of Directors of Russian Railways has created a Board of Directors’ Audit, Risks and Remuneration Committee and a Board of Directors’ Strategic Planning Committee.
Meetings of the Board of Directors are held regularly in accordance with long-term plans. Materials for meetings of the Board of Directors are provided in advance. Most meetings of the Board of Directors are held in person, which contributes to the balance and efficiency of decisions taken by the Board of Directors.
The Company’s internal documents stipulate the obligation of the members of the Board of Directors to disclose any information on the ownership and transactions with securities of Russian Railways. The procedures for declaring their affiliation by members of the Board of Directors reduce the risk of a conflict of interest.