Corporate Governance

JSC “CAEPCO” adheres to high standards of corporate governance. The Company's activities are based on a balanced consideration of the interests of all parties, in particular investors, shareholders, employees and the Company's officers.

The Company's Board of Directors defines strategic objectives and maintains the necessary mechanisms for controlling operations, including the ongoing monitoring and assessment of the performance of the group's enterprises. The Board of Directors includes independent directors who are not affiliated with the Company.

In order to improve business processes and increase the effectiveness of the decisions taken, the Company has established internal control mechanisms.

For JSC “CAEPCO”, internal control is systematic and integrated into strategic and operational management at all levels, covering all divisions and employees as they perform their functions within any business process.

The Company's Board of Directors has an Audit Committee, which monitors the decisions taken and the processes in place in order to ensure the reliability of financial reporting and to coordinate the internal control and risk management systems.