Shareholder Meetings

The General Meeting of Shareholders is the main governance body of Sistema JSFC.

Click here to download documents relevant to shareholder meetings.

Its operation is regulated by the laws of the Russian Federation on joint-stock companies, the provisions of the Corporation's Charter and bylaws. The procedure of the General Meeting of Shareholders is designed to ensure that the shareholders can fully exercise their rights. Information and materials for the meeting are made available to the shareholders in advance, in Russian and in English, and are published on the official web site of Sistema. Along with the notice of the forthcoming meeting, shareholders receive voting ballots.

Sistema aims to ensure maximum protection of the shareholders' right to participate in running the Company. The fundamental right of a shareholder in this respect is the right to participate in the work of the General Meeting of shareholders and to vote on items on the agenda. For this right to be secured, information regarding the conduct of the General Meetings of Shareholders is circulated to all the shareholders at least 30 days before the meeting. Besides the notice of the General Meeting, Sistema also sends a voting ballot to each shareholder.

The ballot can be filled out by the shareholder in advance and mailed to the Company to the address specified in the ballot. Such a vote of the shareholder will be taken into account when counting the voting results. Each shareholder is also entitled to attend shareholder meetings in person, given that the meeting is held in the format of the joint presence of shareholders, and to vote on the agenda items in the meeting.

The right to have access to the documents is part of the important right of the shareholders to participate in managing the company. To exercise this right, a shareholder should send a written request to the Corporate Secretary of the Company asking for access to the documents that the shareholder wishes to see. After the deadline for providing the documents is agreed upon, the requested documents will be provided to the shareholder.

Holders of significant blocks of shares are entitled to make proposals for the agenda of the General Meeting of Shareholders, and to nominate candidates to the Company's governance and control bodies. The Company accepts proposals on the agenda of the Annual General Meeting of Shareholders in written form, within 100 days after the end of the financial year. The proposals received from shareholders are considered by the Board of Directors of the Company and, if the proposals meet the legal requirements governing the work of the General Meeting of Shareholders, the proposed items are included in the agenda of the General Meeting.