High standards of corporate governance are one of the most important conditions for the efficiency and sustainability of the business of PJSC Element. The corporate governance system is based on the principles of transparency, legality, delineation of powers and responsibilities, as well as the mandatory nature of decisions for implementation.

The General Meeting of Shareholders is the key management body of PJSC Element. The management system also includes the Board of Directors and the Management Board. Decisions made by the management bodies are binding on all business units.

At the core of our corporate governance system are seven key principles:

Transparent and clear managerial decision-making processes
The governing bodies make decisions within their area of competence as determined by the law and  the Charter
The governing bodies are accountable for exercising their powers
Well-balanced risk management and internal control systems
Continuous development of the corporate governance system
Independent and objective internal audit system
Decisions of superior governing bodies, made within their area  of competence, are binding on subordinate governing bodies