Structure and competence of the governing bodies of JSC «Eastern Energy Company» are determined by the Federal Law «On Joint-Stock Companies» and the Article of Association of the Company.

General Meeting of Shareholders is the supreme body of JSC «Eastern Energy Company». The Board of Directors performs general management of the company’s activity, except those matters, which are referred to the competence of the General Meeting of Shareholders. Director General carries out functions of the sole executive body of JSC «Eastern Energy Company» (no collegial executive body is foreseen by the Articles of Association).  The Audit Commission, annually elected by the General Meeting of Shareholders, carries out the function of internal audit of financial and economic activities of the company.

The corporate governance of JSC «Eastern Energy Company» is based on the following principles:

Accountability

Accountability of the Board of Directors of JSC «Eastern Energy Company» to the shareholders, pursuant to the applicable legislation, serves as guidance for the Board during development of strategy, management and control of the executive bodies’ activities.

Fairness

The Company undertakes to protect the shareholders’ rights and express an equal attitude towards all the shareholders. The Board of Directors enables the shareholders to obtain effective protection in case of their rights infringement.

Transparency

The company timely discloses the faithful information on all material facts, related to its performance, including its financial standing, social and environmental indicators, performance indicators, company management and ownership structure, and provides free access to such information for all parties concerned.

Responsibility

The company acknowledges the rights of the parties concerned, as foreseen by the applicable legislation, and endeavors to cooperate with such parties aimed at its own development and financial stability.