Leadership

General Meeting of Shareholders held annually is supreme management body of the Joint Stock Company Gazprom Space Systems. The General Meetings held besides the annual one are Extraordinary General Meetings.

General Meeting of Shareholders covers introduction of alterations into the Articles of Company, approves annual reports, appointment of the Company Auditor, profit allocation, members of Board of Directors and Audit Commission election and the decisions on the Company reorganization or dissolution, as well as on increase or reduction of the authorized capital.

The Board of Directors is in charge of all activities of the Company except for the issues within the powers of the General Meeting of Shareholders. The Board of Directors members are elected by the General Meeting of Shareholders for the period up to the next annual General Meeting of Shareholders.

The Board of Directors, in particular, defines the priority goals of the Company activities, approves annual budget and investment programs, makes decisions on calling General Meetings of Shareholders and establishing the executive bodies, and issues recommendations on the stock dividend rate.

The current activities of Company is managed by the Director General who represents the sole executive body of the Company.

Director General is responsible for the management of all current operations of the Company, except for the issues within the powers of the General Meeting of Shareholders and the Board of Directors.

Director General ensures the steady and effective operations the Company in accordance with its priority goals, controls the realization of decisions adopted by the General Meetings of Shareholders and the Board of Directors, enables perspective and current programs and plans running including those determining the policy and strategy of the Company activities, ensures the proper organization and validity of the Company accounting, the timely submission of annual reports and other financial statements to the corresponding bodies, as well as the delivery of information on the Company activities to the shareholders, creditors and mass media.