Title pageStrategic OverviewCorporate Governance
GRI:

1.3.Corporate Governance

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Milestones 2018 in the field of corporate governance

  • On 09.02.2018, NIAEP-Service LLC was liquidated and excluded from the Unified State Register of Legal Entities.
  • On 17.04.2018, JSC ASE transferred the shares of METSAMORENERGOATOM JSC to Rusatom Energo International JSC (REIN JSC) on the basis of securities sale and purchase agreement dated April 13, 2018 No. 7756/172016.
  • On 15.10.2018, a contract was concluded on the handover of powers of the sole executive body of SEZAM Joint-Stock Company between JSC ASE EC and SEZAM JSC (with the validity period from 17.10.2018 till 31.03.2019).
  • On 07.12.2018, JSC ASE EC extraordinary shareholders’ meeting elected Alexander Markovich Lokshin as President of JSC ASE EC from 08.12.2018.
  • On 19.12.2018 and 25.12.2018, JSC ASE concluded share sale and purchase agreements on the basis of which it acquired 97.96% of SEZAM JSC voting shares on 20.12.2018 and 26.12.2018.

Basic principles of corporate governance of the Division’s Joint-Stock companies include protection of shareholders’ rights and interests, efficient management of the Board of Directors, transparency and objective disclosure of information about the companies’ activities, legitimacy and ethics (see in more detail in the Annual Report of the Engineering Division for 2017).

Respecting the Corporate Governance Code

Individual standards of the Corporate Governance Code recommended by the Bank of Russia Letter No. 06-52/2463 dd.10.04.2014 are stipulated in a number of local regulations of the Division and are applied in practice, provided that most organizations within the management scope are non-public joint-stock companies and taking into account the specifics of the State Corporation Rosatom legal status, envisaged by the regulatory legal acts of the Russian Federation that ensure the uniform management of nuclear industry organizations.

1.3.1. Corporate Governance in the Engineering Division’s Key Organizations

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Organizations within theJSC ASE EC management scopeLegend to the Figure:Organizations outside theJSC ASE EC management scope Possession of actions/sharesJSC ASE owns 2.267011%of the shares of AKKUYU NÜKLEERANONİM ŞİRKETİ, this companyis outside the management scope ofJSC ASE EC.The only shareholder ofJSC “NIKIMT-Atomstroy” withinthe management scope ofJSC ASE EC isAtomenergoprom JSC.ROSATOMJSC ASE EC —managing companyJSC Atomenergoprom JSC ASEJSC “NIKIMT-Atomstroy”Trest RosSEM LtdVMU LLCJSC “Atomenergoproekt” JSC “Spb EIZ”JSC ATOMPROEKTPJSC ESMJSC SEZAM AKKUYU NÜKLEER ANONİM ŞİRKETİSMU No. 1 LLCNUKEM Technologies Engineering Services GmbHNUKEM Technologies GmbH
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1.3.2. Corporate Governance in the Engineering Division’s Key Organizations

Joint-Stock Company ASE Engineering Сompany (JSC ASE EC) Corporate Governance

(highest governance body of theJoint-Stock Company)General shareholders’ meetingPresident of JSC ASE EC,Managing Company of JSC ASE,JSC Atomenergoproekt,JSC ATOMPROEKTTop managers andother employeesFor monthly assessment of top managers’ effectiveness,the assessment system of operative performanceindicators is applied. The KPI system is applied asannual assessment of effectiveness (the KPI systemis specified in detail in section “Human Capital”).For effectiveness assessment over one-year period,design and strategic bonus payment system withthe relevant indicators is applied.Organizes execution of the management bodies’resolutions by issuing instructions, administrativeand executive orders, delegating powersby means of powers of attorney.Resolutions including those in the areaof economy, environmental protection,social benefits are binding for he Companys President.(in charge of overallmanagement)Board of Directors4155 meetings45meetingssettled issuessettled issues
VLASOV Alexander Vyacheslavovich
Chairman of the Board of Directors
Date and place of birth
15.02.1985, Moscow
Education
  • Higher, Moscow Engineering and Physical Institute, specialist in the field of international scientific and technical cooperation.
  • Moscow State Institute of International Relations under MIA of Russia.
Job experience (latest 5 years)
  • October 2010 — September 2015 — Senior Manager of Regional Development and Strategic Partnership Office, International Business Department.
  • September 2015 — September 2017 — Head of Regional Development and Strategic Partnership Office, International Business Department of Rosatom State Corporation.
  • Since September 2017 — Deputy Director of International Business Department — Head of Global Development and Strategic Partnership Office of Rosatom State Corporation.
LIMARENKO Valery Igorevich
Date and place of birth
19.10.1960, Kharkov
Education
Higher, Doctor of Economics, Kharkov Aviation Institute.
Job experience (latest 5 years)
  • In May 2007, V.I. Limarenko took charge of FSUE Nizhny Novgorod Research and Development Design Institute Atomenergoproekt (NIAEP FSUE).
  • Starting from November 2012, V.I. Limarenko worked as the President of JSC NIAEP (since 2012 — Managing Company of JSC ASE, since 2014 — Managing Company of JSC “Atomenergoproekt”, since 2015 — Managing Company of JSC ATOMPROEKT).
  • From October 2014 — President of JSC NIAEP.
  • December 2016 — 07.12.2018 — President of JSC ASE EC.
BORISOV Ivan Alexeevich
Date and place of birth
21.04.1981, Leningrad
Education
Higher, St. Petersburg State University.
Job experience (latest 5 years)
  • 2011–2013 — Director for Development and Restructuring (Development and International Business Unit) of Rosatom State Corporation.
  • 2013–2014 — Vice President for Development of JSC NIAEP.
  • From 2014 — Vice President for Development of Public Company NIAEP.
  • 17.08.2017–18.09.2018 — Senior Vice President for Development of JSC ASE EC.
BAYDAROV Dmitry Yuryevich
Date and place of birth
11.09.1966, Penza-19 of Penza region
Education
  • Higher, PhD in Law, Penza Polytechnic Institute. Penza State University.
  • Moscow Financial College under the Ministry of Finance of Russia.
  • The Academy of National Economy under the Government of the Russian Federation.
  • People’s Friendship University of Russia.
Job experience (latest 5 years)
  • D.Y. Baydarov has been employed in Rosatom State Corporation since April 2012 till the present time:
  • 2012 — March 2015 — Deputy Director of Nuclear Weapon Complex Directorate.
  • March 2015 — April 2018 — Head of Civilian Production Development Project Office.
  • April 2018 — January 2019 — Head of New Business Implementation Division.
  • Since January 2019 — Deputy Director of Development and International Business Unit — Head of New Business Support Division of Rosatom State Corporation.
PARAMONOV Dmitry Viktorovich
Date and place of birth
03.08.1968, Moscow
Education
  • Higher, Doctor of Philosophy Moscow Aviation Institute;
  • New Mexico University (Albuquerque, USA); New Mexico University (Albuquerque, USA); Pittsburgh University (Pittsburgh, USA).
Job experience (latest 5 years)
  • October 2012 — April 2015 — Deputy Director General for Strategy and Science, Chairman of Scientific and Technical Research Council of JSC “Atomenergoproekt”.
  • April 2015 — January 2017 — Director for Science and Innovations of JSC ASE EC.
  • January 2017 — August 2017 — Deputy Director General for Strategy and Science of JSC “Atomenergoproekt”.
  • Since August 2017 — Program Director — Head of NPP Product Development Project Office of Rosatom State Corporation.
BARABANOV Oleg Stanislavovich
(was a Board of Directors member until 25.06.2018)
Date and place of birth
17.12.1971, Moscow
Education
  • Higher, PhD in Economics, S. Ordzhonikidze Moscow State Geological Survey Academy The Institute of Professional Accountants and Auditors.
  • The Military University.
Job experience (latest 5 years)
  • July 2011 — July 2014 — Director of Rosatom State Corporation Treasury.
  • July 2014 — March 2018 — Director for Development and Restructuring of Rosatom State Corporation.
  • Since March 2018 — First Deputy Director General of Atomredmetzoloto Joint-Stock Company.
ARSEEV Boris Nikolayevich
(was a Board of Directors member until 25.06.2018)
Date and place of birth
22.09.1971, Sverdlovsk
Education
  • Higher, PhD in Technical Sciences, S.M. Kirov Ural Polytechnic Institute, С.М. Russian Presidential Academy of National Economy and Public Administration.
  • B.N. Yeltsin Ural Federal University.
Job experience (latest 5 years)
  • February 2010 — February 2013 — Engineering Director, Sales Director, Commercial Director, Acting Director General of JSC Atomenergomash.
  • February 2013 — November 2013 — Executive Vice President of JSC Rusatom Overseas.
  • February 2014 — November 2016 — Director of International Business and Development Department, Deputy Director General — Director for Business Development of JSC “Rosenergoatom”.
  • Since November 2016 — Deputy Director of Development and International Business Unit — Head of International Business Department of Rosatom State Corporation.
Please click on the photograph for bibliographic information
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JSC ASE EC is a non-pubic Joint-Stock Company, nature of ownership — property of state corporations.

Decisions are taken by the management bodies as part of their competence according to the Federal Law “On Joint-stock Companies”, the Company’s Articles of Association (the competence of the shareholders’ general meeting is stipulated by Article 12 of JSC ASE EC Articles of Association, the competence of the Board of Directors is stipulated by Article 13, the competence of the sole executive body is stipulated by Article 14 of the Company’s Articles of Association).

There is no revision committee in the Company. The Company’s management bodies arrange and carry out the internal control of actual business operations in accordance with internal documents and local regulatory acts of the Company.

JSC ASE EC Articles of Association are available at: www.e-disclosure.ru/portal/files.aspx?id=19054&type=1.

The activity of JSC ASE EC general shareholders meeting and the Board of Directors is aimed at ensuring efficient management of the Company and focused on high profitability and competitiveness of business, minimization of risks and possible negative consequences caused by the Company’s economic activity, meeting the requirements of the RF legislation, international legal norms, legislation of the states in the areas of business operations.

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Information about the work of special-purpose committees

On 07.12.2018, JSC ASE EC extraordinary shareholders’ meeting elected Alexander Markovich Lokshin as President of JSC ASE EC from 08.12.2018”

Special-purpose Committees are not available in the JSC ASE EC Board of Directors, since decisions about their establishment that are in the competence of JSC ASE EC Board of Directors have not been taken.

According to i. 14.1 of JSC ASE EC Articles of Association, the President is the sole executive body of the Company, he administers the day-to-day operations of the Company. The President is subordinate to the Company’s Board of Directors and the General Meeting of Shareholders.

The President shall be elected by the Company’s General Meeting of Shareholders.

During the reporting period from 01.01.2018 to 07.12.2018, the authorities of JSC ASE EC sole executive body (President) were executed by Limarenko Valery Igorevich.

By the decision of the JSC ASE EC extraordinary shareholders’ meeting dd. 07.12.2018 (Minutes of Meeting dd. 07.12.2018 No. 25), Lokshin Alexander Markovich was elected as President of JSC ASE EC from 08.12.2018.

Within the reporting period, no claims against the Company’s sole executive body were made.

V.I. Limarenko and A.M. Lokshin neither owned JSC ASE EC shares nor committed any transactions on shares acquisition or selling in 2018.

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Establishment of a collective executive board is not foreseen by the JSC ASE EC Articles of Association.

In the reporting period, there was no conflict of interests in JSC ASE EC.

Information about JSC ASE EC registrar

Joint-Stock Company “Independent Registrar Company R.O.S.T”.

Abbreviated name of the registrar company: NRK — R.O.S.T. JSC.

Company location: bld. 13, 18, Stromynka str, Moscow.

No. of professional stock trader license to keep the register of holders of registered securities: No. 045-13976-000001.

License issued: 03.12.2002.

License validity: unlimited validity period.

License issued by: Federal commission of securities market (Russia’s FCSM).

Share capital and securities

The Company has placed ordinary shares with the nominal cost of 1 (one) ruble each in the number of 500 001 877 (five hundred million one thousand eight hundred and seventy seven) pieces for a total amount of 500,001 877 (five hundred million one thousand eight hundred and seventy seven) rubles.

All shares of the Company are issued non-documentary and placed by means of closed subscription.

As of 31.12.2017, the charter capital of the Company amounted to 500 001 877 rubles.

According to the independent assessor’s report as of 15.10.2018, the market value of one registered ordinary share amounted to 28 rubles 20 kopecks.

As of 31.12.2018, the Company’s shares were distributed between shareholders as follows: JSC ASE owns 99.99999980% of shares, JSC “Atomenergoproekt” owns 0.00000020% of JSC ASE EC shares.

Dividend policy and report on payment of declared (accumulated) dividends within the reporting period

JSC ASE EC has no approved dividend policy.

The procedure of dividend payment in JSC ASE EC is regulated by Section 8 of the Articles of Association. In accordance with the Articles of Association, pursuant to the results of the first quarter, half-year period, nine-month period of the financial year and/or the financial year, the Company is entitled to make decisions on payment of dividends on the shares placed unless otherwise is specified by the Federal Law “On Joint-Stock Companies”. The decision on payment of dividends pursuant to the results of the first quarter, half-year period, nine-month period of the financial year can be made within three months upon completion of the corresponding period. Decisions (announcement) on payment of dividends, including the decisions on the amount, procedure, form and terms thereof, are made by the general shareholders meeting. Besides, the amount of dividends cannot exceed the one recommended by JSC ASE EC Board of Directors.

According to decision of the JSC ASE EC general shareholders annual meeting of 25.06.2018, JSC ASE EC profits by the results of the 2017 reporting year shall not be distributed, dividends by the results of the 2017 reporting year shall not be announced and shall not be paid.

JSC ASE EC general shareholders meeting

According to i. 12.1 of Article 12 of the JSC ASE EC Articles of Association, the Company’s supreme executive body is general shareholders meeting.

As of 01.01.2018, the shareholders of JSC ASE EC were Joint-Stock Company “Atomstroyexport” (JSC ASE) and Joint-Stock Company “Atomenergoproekt” (JSC “Atomenergoproekt”).

JSC ASE EC general shareholders meeting takes decisions on the issues within its competence in accordance with Article 48 of the Federal law dd. 26.12.1995 No. 208-FZ “On Joint-stock Companies”, chapter 4 part 1 of the Civil Code of the RF, cl. 12 of JSC ASE EC Articles of Association.

In 2018, the JSC ASE EC general shareholders meeting took decisions on the following issues:

  • approval of JSC ASE EC Articles of Association in new revision No. 5;
  • distribution of profits (including payment (declaration) of dividends) and losses of JSC ASE EC according to the results of the reporting year of 2017;
  • election of the JSC ASE EC Board of Directors;
  • premature cessation of authorities of the JSC ASE EC sole executive body and establishment of a sole executive body of JSC ASE EC.

Board of Directors of JSC ASE EC

According to i. 13.1 of Article 13 of JSC ASE EC Articles of Association, the Company’s Board of Directors carries out general management of the Company’s activities. The JSC ASE EC Board of Directors comprises 5 persons.

The Board of Directors takes decisions on the issues within its competence in accordance with cl.65 of the Federal law dd. 26.12.1995 No. 208-FZ “On joint-stock companies”, chapter 4 part 1 of the Civil Code of the Russian Federation, cl. 13 of the Company’s Articles of Association. The meetings of JSC ASE EC Board of Directors are held in absentia.

The Board of Directors’ meetings are convened by Chairman of the Board of Directors upon his initiative, upon request of the BoD member, auditor or the sole executive body (President) with suggestion of issues on the agenda.

The members of JSC ASE EC Board of Directors neither have shares in the equity capital of JSC ASE EC nor own shares of JSC ASE EC; the members of the Board of Directors committed no transactions on shares acquisition or selling within the reporting period; KPI were not awarded, remunerations were not paid to the Board of Directors members within the reporting period.

During 2018, the structure of the Board of Directors changed based on decisions of the General Shareholders Meeting.

As of 01.01.2018, JSC ASE EC Board of Directors elected by the decision of the General meeting of shareholders dd. 26.06.2017 (Minutes of Meeting No. 19) included:

  1. Barabanov Oleg Stanislavovich — Chairman of the Board of Directors, is not simultaneously the Company’s Executive Director.
  2. Arseev Boris Nikolaevich.
  3. Vlasov Alexander Vyacheslavovich.
  4. Limarenko Valery Igorevich.
  5. Borisov Ivan Alexeevich.

According to the decision of the annual general shareholders meeting of 25.06.2018 (Minutes of Meeting No. 23), the following persons were elected as members of the Board of Directors:

  1. Vlasov Alexander Vyacheslavovich — as Chairman of the Board of Directors, is not simultaneously the Company’s Executive Director.
  2. Baydarov Dmitry Yuryevich.
  3. Paramonov Dmitry Victorovich.
  4. Limarenko Valery Igorevich.
  5. Borisov Ivan Alexeevich.

As of 31.12.2018, the membership of JSC ASE EC Board of Directors remained unchanged.

Report of JSC ASE EC Board of Directors on the activity results can be found in Appendix 9 of the Book of Appendices.

The information about major transactions and transactions with interest can be found in Appendix 10 of the Book of Appendices.

Short biography of the President of JSC ASE EC (since 08.12.2018)

Lokshin
Alexander
Markovich
Date and place of birth
A.M. Lokshin was born on October 11, 1957 in Chita.
Education
  • In 1980, he graduated from the M.I. Kalinin Leningrad Polytechnic Institute, his major was thermal physics.
  • In 2001, he graduated from the Academy of National Economy under the RF Government (President’s program).
Job experience
  • In 1980–1996 A.M. Lokshin held positions of engineer, senior engineer of the thermal testing laboratory, senior engineer for power unit control, inspection engineer on turbine equipment of the turbine workshop, shift supervisor of the turbine shop, shift supervisor of unit No. 2, shift supervisor of Smolensk NPP-1 (Desnogorsk of the Smolensk Region).
  • In 1996–1998 — Deputy Head of General Directorate, Deputy Head of Commercial Department — Head of Information Analytical Department of the State Enterprise “Russian State Concern for Production of Electrical and Heat Energy and Nuclear Power Plants” (GP Rosenergoatom).
  • In 1998–2001 — First Deputy Director for Marketing, Economy and Commerce of GP Rosenergoatom.
  • In 2001–2006 — Acting Director, Director, Deputy Director General of the Federal State Unitary Enterprise “Russian State Concern for Production of Electrical and Thermal Energy at NPPs” (FSUE Rosenergoatom) — Director of Smolensk NPP — Branch of FSUE Rosenergoatom.
  • In 2006–2008 — First Deputy Director General, Director General of FSUE Rosenergoatom.
  • June 2008 — January 2010 — Deputy Director General of Rosatom State Corporation.
  • February 2010 — April 2011 — Deputy Director General — Director of Directorate for Nuclear Power Complex of Rosatom State Corporation.
  • April 2011 — November 2012 — First Deputy Director General — Director of Directorate for Nuclear Power Complex of Rosatom State Corporation.
  • November 2012 till the present time — First Deputy Director General for Operations Management of Rosatom State Corporation.
  • From December 2018 — President of JSC ASE EC. A.M. Lokshin combines this work with the duties of First Deputy Director General for Operations Management of Rosatom State Corporation.
  • He is awarded the Order of Honor (2012), the 4th degree Order of Merit for Country (2018); he has the honorary title of “Honored Power Engineer of the Russian Federation” (2000), the honorable distinction mark “E. Slavsky” by Rosatom State Corporation (2017) and other industry awards.

Short biography of the President of JSC ASE EC (from 01.01.2018 to 07.12.2018)

Limarenko
Valery
Igorevich
Date and place of birth
V.I. Limarenko was born on October 19, 1960 in Kharkov.
Education
V.I. Limarenko graduated from Kharkov Aviation Institute with degree in liquid propellant jet engines, mechanical engineer.
Job experience
  • 1983–1996 — research activity in the Russian Federal Nuclear Centre — All-Russian R&D Institute of Experimental Physics (FSUE RFNC-VNIIEF), he was promoted from design engineer to Lead Research Engineer.
  • 1996–2001 — V.I. Limarenko held positions of Deputy, the First Deputy Chairman of the Sarov Municipal Duma on Economy and Finance.
  • 2001–2003 — V.I. Limarenko held position of minister for construction, housing and municipal infrastructure of the Government of Nizhny Novgorod region.
  • 2003–2005 — V.I. Limarenko worked in Administration of RF President as plenipotentiary representative of RF President in Volga Federal District, Chief State Inspector of the Nizhny Novgorod region.
  • 2005 — May 2007 — Deputy Governor, Deputy Chairman of the Government of Nizhny Novgorod region for construction, power industry, housing and municipal infrastructure and information technologies.
  • In May 2007, V.I. Limarenko worked as Head of FSUE Nizhny Novgorod Research and Development Design Institute “Atomenergoproekt” (FSUE NIAEP).
  • Starting from November 2012 V.I. Limarenko worked as President of JSC NIAEP (from 2012 — the managing company of JSC ASE, from 2014 — the managing company of JSC “Atomenergoproekt”, from 2015 — the managing company of JSC ATOMPROEKT). From July 2016 he was Head of the Engineering Division of Rosatom State Atomic Energy Corporation.
  • From 06.12.2016 till 07.12.2018 he was President of JSC ASE EC.
  • Since 07.12.2018 up to now he holds the position of acting Governor of the Sakhalin Region.
  • Doctor of Economic Sciences.
  • Joint-Stock Company “Atomstroyexport” (JSC ASE) Corporate Governance

    (the sole shareholder)(highest governance body of the Joint-Stock Company)(the powers of sole executive body —President)General Shareholders’ MeetingManaging Company JSC ASE EC Top managers and otheremployees For monthly assessment of top managers’ effectiveness,the assessment system of operative performanceindicators is applied. The KPI system is appliedas an annual effectiveness assessment (the KPI systemis specified in detail in section “Human Capital”).For the effectiveness assessment over one-yearperiod, the design and strategic bonus award withthe relevant indicators is applied.Organizes execution of the management bodies’resolutions by issuing task orders, administrativeand executive orders, by delegating powersby means of the power of attorneys.Resolutions including those in the areaof economy, environmental protection,social benefits are binding for theCompanys President.(in charge of overallmanagement)Board of Directors3163 meeting7resolutions of the sole shareholderissues considered
    ARSEEV Boris Nikolayevich
    Chairman of the Board of Directors
    Date and place of birth
    22.09.1971, Sverdlovsk
    Education
    • Higher, PhD in Technical Sciences.
    • S.M. Kirov Ural Polytechnic Institute, Russian Presidential Academy of National Economy and Public Administration.
    • B.N. Yeltsin Ural Federal University.
    Job experience (latest 5 years)
    • February 2010 — February 2013 — Engineering Director, Sales Director, Commercial Director, Acting Director General of Atomenergomash JSC.
    • February 2013 — November 2013 — Executive Vice President of Rusatom Overseas JSC.
    • February 2014 — November 2016 — Director of International Business and Development Department, Deputy Director General — Director for Business Development of JSC “Rosenergoatom”.
    • Since November 2016 — Deputy Director of Development and International Business Unit — Head of International Business Department of Rosatom State Corporation.
    VLASOV Alexander Vyacheslavovich
    Date and place of birth
    15.02.1985, Moscow
    Education
    • Higher, Moscow Engineering Physical Institute.
    • Moscow State Institute of International Relations under MIA of Russia.
    Job experience (latest 5 years)
    • October 2010 — September 2015 — Senior Manager of Regional Development and Strategic Partnership Office, International Business Department.
    • September 2015 — September 2017 — Head of Regional Development and Strategic Partnership Office, International Business Department.
    • Since September 2017 — Deputy Director of International Business Department — Head of Global Development and Strategic Partnership Office of Rosatom State Corporation.
    SAVUSHKIN Vladimir Nikolaevich
    Date and place of birth
    23.05.1954, Moscow
    Education
    • Higher, Moscow Mechanical Institute.
    • The All-Union Order of People’s Friendship Academy of Foreign Commerce.
    Job experience (latest 5 years)
    • In 2007–2011, V.N. Savushkin worked in JSC ASE: Head of Administration of President (2007–2008); Vice President (2008–2010); First Vice President (2010–2011).
    • He has been working as Vice President of JSC ASE since August 2013 as second employment.
    • Since 2012, V.N. Savushkin has been head of Moscow Branch Office of JSC ASE EC: First Deputy Director — Director of Moscow Branch Office (till November 2012); Senior Vice President — Director of Moscow Branch Office (November 2012 — September 2018); Vice President — Director of Moscow Branch Office of JSC ASE EC (since September 2018).
    BAYDAROV Dmitry Yuryevich
    Date and place of birth
    11.09.1966, Penza-19 of Penza region
    Education
    • Higher, PhD in Law, Penza Polytechnic Institute.
    • Penza State University.
    • Moscow Financial College under the Ministry of Finance of Russia.
    • Academy of National Economy under the Government of the Russian Federation.
    • People’s Friendship University of Russia.
    Job experience (latest 5 years)
    • D.Y. Baydarov has been employed in Rosatom State Corporation since April 2012 till the present time: 2012 — March 2015 — Deputy Director of Nuclear Weapon Complex Directorate.
    • March 2015 — April 2018 — Head of Civilian Production Development Project Office.
    • April 2018 — January 2019 — Head of New Business Implementation Division.
    • Since January 2019 — Deputy Director of Development and International Business Unit — Head of New Business Support Division of Rosatom State Corporation.
    VIKHANSKY Nikolay Igorevich
    Date and place of birth
    01.01.1984, Schelkovo, Moscow region
    Education
    Higher, Lomonosov Moscow State University.
    Job experience (latest 5 years)
    • December 2011 — July 2012 — Deputy Director General for Development of EnergoStreamService LLC.
    • September 2012 — November 2012 — Deputy Head of Division of AESK JSC.
    • November 2012 — June 2015 — Deputy Head of Division — Head of Office for Investment Programs Generation and Interaction with FEA and Power Engineering Entities of State Capital Investment Division of Rosatom State Corporation.
    • June 2015 — December 2016 — Deputy Director for Development of Capital Construction Industry Center, Private Institution of Rosatom State Corporation.
    • December 2016 — August 2018 — Deputy Director for Capital Investments — Head of Division of Rosatom State Corporation.
    • August — September 2018 — Director for Capital Investments, State Construction Supervision and  State Expertise of Rosatom State Corporation.
    • Since September 2018 — Vice President for Capital Construction of JSC ASE EC.
    BARABANOV Oleg Stanislavovich
    (was a Board of Directors member until 27.06.2018, Chairman of the Board)
    Date and place of birth
    17.12.1971, Moscow
    Education
    • Higher, PhD in Economics.
    • S.Ordzhonikidze Moscow State Geological Survey Academy.
    • Institute of Professional Accountants and Auditors.
    • Military University.
    Job experience (latest 5 years)
    • July 2011 — July 2014 — Director of Rosatom State Corporation Treasury.
    • July 2014 — March 2018 — Director for Development and Restructuring of Rosatom State Corporation.
    • Since March 2018 — First Deputy Director General of Atomredmetzoloto Joint-Stock Company.
    PODOROV Nikolay Grigorievich
    (was a Board of Directors member until 31.10.2018)
    Date and place of birth
    19.06.1967, Gorky
    Education
    Higher, N.I. Lobachevsky Nizhny Novgorod State University.
    Job experience (latest 5 years)
    N.G. Podorov has been employed in JSC ASE EC since April 2011 till the present time:
    • April 2011 — November 2012 — Head of Chief Financial Economic Division.
    • November 2012 — January 2014 — Director for Economy and Finance — Head of Division.
    • January 2014 — December 2014 — Director for Economy, Planning and Finance.
    • December 2014 — December 2015 — Vice President for Economy and Finance.
    • December 2015 — September 2018 — Senior Vice President for Economy and Finance.
    • Since September 2018 — Senior Vice President for Corporation Functions.
    Please click on the photograph for bibliographic information
    102-5

    JSC ASE legal form is a non-public stock company.

    Resolutions are taken by the management boards within their terms of competence according to the Federal Law “On Joint-Stock Companies” and the Company’s Articles of Association.

    There is no internal audit commission in the Company. The management bodies of the Company arrange and carry out internal control of actual business operations in accordance with internal documents and local regulatory acts of the Company (i. 11.2 of JSC ASE Articles of Association).

    General Shareholders’ Meeting (the sole shareholder) is highest governance body of JSC ASE. The Company’s Board of Directors carries out general management of the Company’s activity. The President is the sole executive body of the Company, which administers the day-to-day operations of the Company. The President is subordinate to the Board of Directors and the general shareholders’ meeting (sole shareholder) of the Company. In 2018, powers of the sole executive body of the Company were exercised by the Managing Company — JSC ASE EC based on resolution of the sole shareholder of JSC ASE No. 3 dd. 30.03.2017 and agreement on JSC ASE sole executive body powers transfer No. 7763/171268 dd. 31.03.2017, concluded between JSC ASE and JSC ASE EC.

    JSC ASE Board of Directors does not have commissions and committees set up in its structure.

    JSC ASE Articles of Association are available at: www.e-disclosure.ru/portal/company.aspx?id=36765.

    Information about JSC ASE registrar

    Registrar company STATUS, Joint-Stock Company.

    Location: 23, bldg. 1, room 1, Novokhokhlovskaya str., Moscow 109052, Russian Federation.
    PSRN: 1027700003924, TIN: 7707179242.
    Phone: + 7 (495) 974-83-50.
    Fax: + 7 (495) 678-71-10.
    E-mail: office@rostatus.ru.
    Web-site address: www.rostatus.ru.
    The license for keeping the register of security holders No. 10-000-1-00304 is issued by the Federal Stock Market Committee (FSMC of Russia) on 12.03.2004.

    Share capital and securities

    On 19.12.2018 and 25.12.2018, JSC ASE concluded share sale and purchase agreements on the basis of which it acquired 97.96% of JSC SEZAM voting shares on 20.12.2018 and 26.12.2018”
    On 17.04.2018, JSC ASE transferred the shares of CLOSED JOINT-STOCK COMPANY METSAMORENERGOATOM (CJSC METSAMORENERGOATOM or CJSC MEA) (Republic of Armenia) to Joint-Stock Company Rusatom Energo International (JSC REIN) on the basis of securities sale”

    Charter capital of JSC ASE amounts to 350 044 835 15/91 rubles.

    JSC ASE placed registered ordinary shares with the nominal cost of 10 90/91 rubles each in the amount of 31 854 080 pieces for a total amount at a nominal value of 350 044 835 15/91 rubles. Privileged shares were not placed. The shares are out of public float, their current market value has not been specified.

    As of 31.12.2018, JSC ASE owns securities/shares in the charter capitals of the following commercial companies:

    1. Joint-Stock Company ASE Engineering Сompany (JSC ASE EC).

      JSC ASE share in the charter capital of JSC ASE EC amounts to 99.9999998% (100% minus 1 share). The amount of voting shares belonging to JSC ASE is 99.9999998% (100% minus 1 share).

    2. Joint-Stock Company “Atomenergoproekt” (JSC “Atomenergoproekt”).

      JSC ASE share in the charter capital of JSC “Atomenergoproekt” amounts to 99.999999935% (100% minus 1 share). The amount of voting shares belonging to JSC ASE is 99.999999935% (100% minus 1 share).

    3. Joint-Stock Company Scientific Research and Design Institute for Energy Technologies ATOMPROEKT (JSC ATOMPROEKT).

      JSC ASE share in the charter capital of JSC ATOMPROEKT amounts to 99.999999919% (100% minus 1 share). The amount of voting shares belonging to JSC ASE is 99.999999919% (100% minus 1 share).

    4. Public Joint-Stock Company Energospetsmontazh (PJSC ESM).

      JSC ASE share in the charter capital of PJSC ESM amounts to 99.9565% (100% minus 1 share). The amount of voting shares belonging to JSC ASE is 99.9565%.

    5. Joint-Stock Company SEZAM (JSC SEZAM).

      JSC ASE share in the charter capital of JSC SEZAM amounts to 97.87%. The amount of voting shares belonging to JSC ASE is 97.96%.

      On 20.12.2018, JSC ASE purchased from JSC SEZAM 1 000 registered ordinary non-documentary shares of JSC SEZAM under the share sale and purchase agreement No. 7701/181060 dd. 19.12.2018 between JSC ASE and JSC SEZAM.

      On 26.12.2018, JSC ASE purchased from AMINA Limited Liability Company (AMINA LLC) 113 012 649 registered ordinary non-documentary shares of JSC SEZAM under the share sale and purchase agreement No. 7701/181078 dd. 259.12.2018 between JSC ASE and AMINA LLC.

    6. NUKEM Technologies GmbH (Germany).

      JSC ASE share in the charter capital of NUKEM Technologies GmbH amounts to 100%.

    7. Atomstroyexport-Finance Ltd (ASE-Finance Ltd).

      JSC ASE share in the charter capital of ASE-Finance Ltd amounts to 100%.

    8. AKKUYU NÜKLEER ANONİM ŞİRKETİ (Republic of Turkey).

      JSC ASE share in the charter capital of AKKUYU NÜKLEER ANONİM ŞİRKETİ amounts to 2.267011%. The amount of voting shares belonging to JSC ASE is 2.267011%.

      On 17.04.2018, JSC ASE transferred the shares of CLOSED JOINT-STOCK COMPANY METSAMORENERGO-ATOM (CJSC METSAMORENERGOATOM or CJSC MEA) (Republic of Armenia) to Joint-Stock Company Rusatom Energo International (JSC REIN) on the basis of securities sale and purchase agreement No. 7756/172016 dd. 13.04.2018.

    Dividend policy and report on declared (accrued) dividends payment within the reporting period

    Dividends payment procedure is regulated by Section 8 of JSC ASE Articles of Associations. There was no accrual and payment of dividends in 2018.

    JSC ASE shareholders’ general meeting

    According to i. 12.1 of the Company’s Articles of Association, shareholders’ general meeting (the sole shareholder) is the highest governance body of the Company.

    In 2018, 7 resolutions of the sole shareholder of JSC ASE were taken regarding the following issues:

    • on approval of JSC ASE Articles of Association in new revision No.13;
    • on election of the Board of Directors of JSC ASE;
    • on distribution of JSC ASE profit based on the results of 2017;
    • on consent to major transactions.

    JSC ASE Board of Directors

    According to i. 13.1 of the Company’s Articles of Association, the Company’s Board of Directors carries out general management of the Company’s activities. The membership of the Company’s Board of Directors is 5 (five) persons.

    During 2018 the membership in the BoD was as follows:

    1. The membership of the Board of Directors that was elected by the Company’s sole shareholder’s resolution No. 5 dd. 14.06.2017 acted within the period from 01.01.2018 to 27.06.2017:
      • Barabanov Oleg Stanislavovich;
      • Arseev Boris Nikolaevich;
      • Vlasov Alexander Vyacheslavovich;
      • Podorov Nikolay Grigorievich;
      • Savushkin Vladimir Nikolaevich.
      O.S. Barabanov was elected as the Chairman of the mentioned Company’s Board of Directors.
    2. The membership of the Board of Directors that was elected by the Company’s sole shareholder’s resolution No. 3 dd. 27.06.2018 acted within the period from 27.06.2018 to 31.10.2018:
      • Arseev Boris Nikolaevich;
      • Baydarov Dmitriy Yuryevich;
      • Vlasov Alexander Vyacheslavovich;
      • Podorov Nikolay Grigorievich;
      • Savushkin Vladimir Nikolaevich.
      B.N. Arseev was elected as the Chairman of the mentioned Company’s Board of Directors.
    3. The membership of the Board of Directors that was elected by the Company’s sole shareholder’s resolution No. 6 dd. 31.10.2018 acted within the period from 31.10.2018 until the end of the reporting period:
      • Arseev Boris Nikolaevich;
      • Baydarov Dmitriy Yuryevich;
      • Vikhansky Nikolay Igorevich;
      • Vlasov Alexander Vyacheslavovich;
      • Savushkin Vladimir Nikolaevich.

      B.N. Arseev was elected as the Chairman of the mentioned Company’s Board of Directors.

      According to i. 12.1.14 of JSC ASE Articles of Association, resolutions on payment of remuneration and/or compensation to the members of the Company’s Board of Directors are within the competence of the shareholders’ general meeting (sole shareholder). There were no resolutions regarding payment of remuneration and/or compensation to the members of the Company’s Board of Directors in 2018. During implementation of their functions, members of Board of Directors neither owned any JSC ASE shares nor performed any transactions with the Company related to JSC ASE shares acquisition or selling.

    Report of JSC ASE Board of Directors on the activity results can be found in Appendix 9 of the Book of Appendices.
    The information about major transactions and transactions with interest can be found in Appendix 10 of the Book of Appendices.

    Joint-Stock Company “Atomenergoproekt” (JSC “Atomenergoproekt”) Corporate Governance

    (highest governance body of theJoint-Stock Company) (the powers of the soleexecutive body)General Shareholders’ MeetingManaging Company JSC ASE ECTop managers and otheremployeesFor monthly assessment of top managers’ effectiveness,the assessment system of operative performanceindicators is applied. The KPI system is applied asan annual effectiveness assessment (the KPI systemis specified in detail in section “Human Capital”).For the effectiveness assessment over one-year period,the design and strategic bonus award with the relevantindicators is applied.Organizes execution of the management bodies’resolutions by issuing task orders, administrativeand executive orders, by delegating powers by meansof the power of attorneys.Resolutions including those in the areaof economy, environmental protection, social benefits are binding for theCompanys President.(in charge of overallmanagement)Board of Directors2336 meetings45meetingsissues consideredissues considered
    EGOROV Leonid Valentinovich
    Chairman of the Board. Executive Director of JSC “Atomenergoproekt”
    Date and place of birth
    1956, Kirov
    Education
    Higher, Kirov Polytechnic Institute.
    Job experience (latest 5 years)
    • 2010–2012 — Director General of JSC “Atomenergoproekt”.
    • August 2012 — September 2012 — Counselor of the Director General of JSC “Atomenergoproekt”.
    • Since September 2012 — First Deputy General Director of JSC “Atomenergoproekt”.
    SINITSIN Vladimir Victorovich
    Director for Economy and Finance of JSC “Atomenergoproekt”
    Date and place of birth
    1961, Nagorye village of Nagorye district, Yaroslavl region
    Education
    Higher, PhD in Economics. Moscow Order of Lenin Institute of Geodetic, Aerial Survey and Map-Making Engineers, Academy of National Economy under the Government of the Russian Federation.
    Job experience (latest 5 years)
    • 2012–2015 — Vice President of JSC “Atomenergoproekt”.
    • Since April 2015 — Deputy Director General for Economy and Finance of JSC “Atomenergoproekt”.
    DMUKHA Olga Evgenyevna
    Administrative Director of JSC “Atomenergoproekt”
    Date and place of birth
    1983, Zhukovsky, Moscow Region
    Education
    Higher, Russian State Humanitarian University.
    Job experience (latest 5 years)
    • 2012–2014 — Director of Administrative Department of JSC “Atomenergoproekt”.
    • Since August 2004 — Administrative Director.
    AKSENIN Eduard Alexandrovich
    Deputy Director for Foreign Projects Cost Management of JSC ASE EC
    Date and place of birth
    1960, Moscow
    Education
    Higher, Moscow Mining Institute.
    Job experience (latest 5 years)
    • 2012–2015 — Director for Economy of JSC “Atomenergoproekt”.
    • Since April 2015 — Deputy Director for Foreign Projects Cost Management of JSC ASE EC.
    POLYAK Igor Efimovich
    Deputy Head of Capital Construction Division of JSC ASE EC
    Date and place of birth
    1958, settlement Shalakushi of Nyandomsky district, Arkhangelsk region
    Education
    Higher, Togliatti Polytechnic Institute.
    Job experience (latest 5 years)
    • 2007–2015 — Head of Capital Investment and Accounting Division.
    • Since February 2015 — Deputy Head of Capital Construction Division of JSC ASE EC.
    Please click on the photograph for bibliographic information
    102-5

    JSC “Atomenergoproekt” legal form is a non-public stock company.

    According to the Articles of Association of JSC “Atomenergoproekt”, management bodies of the Company are as follows: General Shareholders’ Meeting; Board of Directors; sole executive body (Director General).

    Powers of the Director General are exercised by the Managing Company — JSC ASE EC.

    General Shareholders’ Meeting is the highest governance body of the Joint-Stock Company, it gives assignments to the Board of Directors or the executive body regarding solution to issues, including economic, environmental and social problems. The executive body arranges for implementation of resolutions of the highest governance bodies (shareholders’ general meeting and Board of Directors) by delegating to the Company's top managers and other employees according to Articles 185-189 of the Civil Code of the RF by means of power of attorneys.

    No special-purpose committees have been established at the Board of Directors. There are no plans for their establishment.

    There is no internal audit commission in JSC “Atomenergoproekt”. The management bodies of the Company shall arrange and carry out the internal control of actual business operations in accordance with internal documents and local regulatoryacts of the Company.

    JSC “Atomenergoproekt” Articles of Association are available at: www.e-disclosure.ru/portal/files.aspx?id=19524&type=1.

    Information about JSC “Atomenergoproekt” registrar

    Independent Registrar Company R.O.S.T., Joint-Stock Company.

    Abbreviated name of the registrar: IRC-R.O.S.T. JSC.
    Registrar's location: 18, bld. 13, Stromynka str., Moscow 13.
    No. of professional stock trader license to keep the register of holders of registered securities: No. 045-13976-000001.
    License issued: 03.12.2002.
    License validity: unlimited validity period.
    License issued by: Federal Stock Market Committee (FSMC of Russia).

    Share capital and securities

    In 2018 the Board of Directors decided to open Bangladesh Branch Office of JSC “Atomenergoproekt”
    The value of the Company’s charter capital is 1 547 504 159 rubles. JSC “Atomenergoproekt” has placed ordinary registered non-documentary shares at the nominal value of 1 (one) ruble each at par in the amount of 1 547 504 159 pieces for the total amount at a nominal value of 1 547 504 159 rubles. Privileged shares have not been floated. The shares are out of public float, their current market value has not been specified. JSC ASE (100% minus 1 share, which is 99.999999935%) and JSC ASE EC (1 share, which is 0.000000065%) are shareholders of JSC “Atomenergoproekt”. As of 31.12.2018, JSC “Atomenergoproekt” owns securities of the following companies:
    1. Joint-Stock Company “Lenatomenergostroy Specialized Construction and Erection Company”, JSC “Atomenergoproekt” share amounts to 99.999%.
    2. Joint-Stock Company “Saint Petersburg Research and Survey Institute “Energoiziskanya”, JSC “Atomenergoproekt” share amounts to 100%.
    3. Joint-Stock Company ASE Engineering Company , JSC “Atomenergoproekt” share amounts to 0.0000002%.

    Dividend policy and report on declared (accrued) dividends payment within the reporting period

    Dividends policy regulations have not been developed and approved in JSC “Atomenergoproekt”.

    Procedure for dividend payment in JSC “Atomenergoproekt” is regulated by Section 8 of the Company’s Articles of Association (revision of 28.08.2017, state registration date is 10.10.2017).

    No dividends on shares were announced or paid in the reporting period.

    JSC “Atomenergoproekt” general shareholders’ meeting

    102-25

    Information on the controlling shareholder is disclosed in the lists of affiliates and in the annual report of JSC “Atomenergoproekt”.

    102-29, 102-30

    Competence of the general shareholders’ meeting includes the most important and significant issues. Upon the results of Company’s activities for the year, the annual shareholders’ general meeting identifies economic, environmental and social impact, risks and possibilities for their management, whereupon it assigns the Board of Directors or the Company’s executive body to solve specific issues. The executive body arranges for implementation of resolutions of the Company’s highest governance body by issuing orders, ordinances, giving assignments.

    Board of Directors of JSC “Atomenergoproekt”

    The following membership of the Board of Directors that was elected by the extraordinary general shareholders’ meeting on 25.10.2017 (minutes of the extraordinary shareholders’ general meeting No. 5 dd. 25.10.2017) and annual general meeting of the Company’s shareholders on 21.06.2018 (minutes of the annual general meeting of the Company’s shareholders No. 9 dd. 21.06.2018) acted within the period within 2018:

    • Egorov Leonid Valentinovich (Chairman of Board);
    • Sinitsin Vladimir Victorovich;
    • Dmukha Olga Evgenyevna;
    • Aksenin Eduard Alexandrovich;
    • Polyak Igor Efimovich.
    102-24

    Procedure for nomination and selection of candidates for membership in the highest governance body and its committees, as well as criteria used for nomination and selection of the highest governance body members are established in accordance with the current legislation and JSC “Atomenergoproekt” Articles of Association (revision of 28.08.2017, state registration date is 10.10.2017) without consideration of independence factor. The key factors for selection of candidates are professional qualification and experience in the economic, environmental and social areas. Candidates for the Board of Directors are nominated by the Company’s shareholders.

    102-26

    In accordance with sub-item 1 of item 14.2 of JSC “Atomenergoproekt” Articles of Association (revision of 28.08.2017, state registration date is 10.10.2017), determination of priority areas of the Company’s activities is within the competence of the Company’s Board of Directors. Company’s objectives, its values and mission, as well as strategy, policy and tasks regarding the economic, environmental and social impact are developed during strategic sessions, where the Company’s top managers and CEO of the Managing Company participate. After discussion of these issues, the Company’s objectives, its values and mission, as well as strategy, policy and tasks regarding the economic, environmental and social impact are accumulated in the Company’s annual report which shall be approved by the Company's Board of Directors.

    SC “Atomenergoproekt” Board of Directors Report on the results of activity can be found in Appendix 9 of the Book of Appendices.

    The information about major transactions and transactions with interest can be found in Appendix 10 of the Book of Appendices.

    Joint-Stock Company Scientific Research and Design Institute for Energy Technologies ATOMPROEKT (JSC ATOMPROEKT) Corporate Governance

    (highest governance bodyof the joint-stock company) (carries out the powers and authority of thesole executive body (Director General)Shareholdersgeneral meetingManaging Company — JSC ASE ECTop managers and otheremployees For monthly assessment of top managers’ effectiveness,the assessment system of operative performanceindicators is applied. The KPI system is applied asan annual effectiveness assessment (the KPI systemis specified in detail in section “Human Capital”).For the effectiveness assessment over one-year period,the design and strategic bonus award withthe relevant indicators is applied.Organizes execution of the management bodies’resolutions by issuing task orders, administrativeand executive orders, by delegating powers throughthe institute of the power of attorneys.Resolutions including those in the areaof economy, environmentalprotection, social benefits are bindingfor the Companys President(in charge of overallmanagement)Board of Directors2031meetings in the formof absentee voting23meetings in the formof joint attendanceissuesconsideredissuesconsidered
    BUZHAROV Nikolay Alexandrovich
    Deputy Director for Economics of JSC ASE EC — Chairman of the Board
    Date and place of birth
    25.02.1957, Kalinin
    Education
    Higher, G.V. Plekhanov Leningrad Mining Institute.
    Job experience (latest 5 years)
    • 2011–2012 — Counselor of the Director General of Lead Research Institute JSC VNIPIET.
    • 2011–2012 — Counselor of JSC ATOMPROEKT Director.
    • 2012–2013 — Deputy Director for Economy and Finance of JSC ATOMPROEKT.
    • 2013–2014 — Financial Director of Lead Research Institute JSC VNIPIET.
    • July 2014 — September 2014 — Deputy Director for Economy and Finance of JSC ATOMPROEKT Branch Office (second employment).
    • 2014–2016 — Deputy Director General — Financial Director of JSC ATOMPROEKT.
    • Since April 2016 — Deputy Director for Economy of JSC ASE EC.
    • Director for Economy and Finance of JSC ATOMPROEKT (second employment).
    KAZARIN Alexander Mikhailovich
    Deputy Director for Design of JSC ASE EC
    Date and place of birth
    31.05.1961, Leningrad
    Education
    Higher, M.I. Kalinin Leningrad Polytechnic Institute.
    Job experience (latest 5 years)
    • 2011–2013 — Director for Design of JSC ATOMPROEKT.
    • 2013–2014 — Deputy Director General — Branch Office Director. Branch Office of Lead Research Institute JSC VNIPIET SPb AEP.
    • 2014–2015 — Deputy Director General — Director of VVER Technology Department of JSC ATOMPROEKT.
    • 2016–2016 — Deputy Director General — Production Director of JSC ATOMPROEKT.
    • 2016–2018 — Director of JSC ATOMPROEKT.
    • Since February 2018 — Deputy Director for Design of JSC ASE EC.
    NOVIKOVA Olga Konstantinovna
    HR Director of JSC ATOMPROEKT
    Date and place of birth
    11.06.1971, settlement Kuzmolovsky of Vsevolozhsk district, Leningrad region
    Education
    Higher, V.I. Ulianov (Lenin) St.-Petersburg State Electrical Engineering University.
    Job experience (latest 5 years)
    • 2011–2013 — HR Deputy Director of JSC ATOMPROEKT.
    • 2013–2014 — HR Director of Lead Research Institute JSC VNIPIET.
    • July 2014 — September 2014 — HR Deputy Director of JSC ATOMPROEKT Branch Office (second employment).
    • Since October 2014 — HR Director of JSC ATOMPROEKT.
    ILYINSKY Konstantin Mikhailovich
    Director of St. Petersburg Design Institute JSC ATOMPROEKT
    Date and place of birth
    24.09.1978, Ust-Kamenogorsk, Kazakhstan
    Education
    Higher, St. Petersburg State Electronic Technical Institute.
    Job experience (latest 5 years)
    • 2011–2013 — Head of JSC ATOMPROEKT Bureau of Technical Solutions of Nuclear Island.
    • 2013–2014 — Head of JSC ATOMPROEKT Office for Nuclear Island Integrated Design.
    • 2014–2017 — Head of Technological Division of JSC ATOMPROEKT.
    • 2017–2018 — First Deputy Director of JSC ATOMPROEKT.
    • Since February 2018 — Director of ATOMPROEKT St. Petersburg Design Institute JSC ATOMPROEKT.
    SHAFALOVICH Natalia Borisovna
    Vice President for HR and Internal Communication of JSC ASE EC
    Date and place of birth
    15.09.1973, Krasnokamsk, Perm region
    Education
    Higher, Perm State Medical Academy.
    Job experience (latest 5 years)
    • 2011–2015 — Head of Training and Development Directorate Project of EurazHolding LLC.
    • 2015–2017 — HR Director of JSC Science and Innovations.
    • Since September 2017 — HR and Organizational Development Director of JSC ASE EC.
    Please click on the photograph for bibliographic information
    102-5

    JSC ATOMPROEKT — the form of ownership is private property. The legal form is a non-public stock company.

    General shareholders’ meeting is the highest governance body.

    The Board of Directors carries out general management of the Company’s activity.

    Powers of the sole executive body of JSC ATOMPROEKT have been transferred to the Managing Company — JSC ASE EC. Director General (Managing Company) is subordinate to the Board of Directors and shareholders’ general meeting of JSC ATOMPROEKT.

    Competence of JSC ATOMPROEKT management bodies is specified in the constituent documents of JSC ATOMPROEKT.

    Management bodies’ competence is specified in the constituent documents of the key companies of Rosatom State Corporation Engineering Division.

    In accordance with Federal Law No. 208-FZ dd. 26.12.1995 “On Joint-Stock Companies”, the highest governance body of a Joint-Stock Company is the general shareholders’ meeting which gives instructions to the Board of Directors (in case of its absence — to the Company’s executive body directly) or the Company’s executive body to solve issues, including economic, environmental and social ones. The executive body arranges for implementation of resolutions of the Company’s highest governance bodies by delegating to the Company's top managers and other employees according to Articles 185–189 of the Civil Code of the RF by means of power of attorneys.

    There is no internal audit commission in JSC ATOMPROEKT. JSC ATOMPROEKT management bodies shall arrange and carry out the internal control of actual business operations in accordance with internal documents and local regulatory acts of JSC ATOMPROEKT.

    JSC ATOMPROEKT Board of Directors does not have committees and commissions set up in its structure.

    Company’s Articles of Association are available in the Internet at: www.e-disclosure.ru/portal/files.aspx?id=20205&type=1.

    Information about JSC ATOMPROEKT registrar

    Independent Registrar Company R.O.S.T., Joint-Stock Company.

    Abbreviated name of the registrar: IRC-R.O.S.T. JSC.
    Registrar's location: 18, bld. 13, Stromynka str., Moscow.
    No. of professional stock trader license to keep the register of holders of registered securities: No. 045-13976-000001.
    License issued: 03.12.2002.
    License validity: unlimited validity period.
    License issued by: Federal Stock Market Committee (FSMC of Russia).

    Share capital and securities

    Charter capital of JSC ATOMPROEKT amounts to 1 233 576 578 (One billion two hundred thirty three million five hundred seventy six thousand five hundred seventy eight) rubles, consisting of 1 233 576 578 registered ordinary non-documentary shares at the nominal value of 1 ruble each.

    As of 31.12.2018, the number of issued and fully paid shares is 1 233 576 578 registered ordinary non-documentary shares at the nominal value of 1 ruble each.

    JSC ATOMPROEKT shares are not traded. The Company's shareholders are Joint-Stock Company “Atomstroyexport” (1 233 576 577 registered ordinary non-documentary shares, 99.999999919% of the charter capital) and Joint-Stock Company ASE Engineering Сompany (1 registered ordinary non-documentary share, 0.000000081% of thecharter capital).

    Dividend policy and report on declared (accrued) dividends payment within the reporting period

    No dividend payment policy has been approved in JSC ATOMPROEKT.

    Procedure for dividend payment in JSC ATOMPROEKT is regulated by Section 8 of the Company’s Articles of Association, pursuant to which, based on the results of the first quarter, half-year period, nine-month period of the reporting year and/or the reporting year, the Company is entitled to make decisions on payment of dividends on the shares placed unless otherwise is specified by Federal Law “On Joint-Stock Companies”. The decision on payment of dividends based on the results of the first quarter, six months and nine months of the reporting year can be made within three months upon expiration of a corresponding period. The decision on payment (announcement) of dividends shall determine the amount of dividends for each category (type) of shares, form of their payment, procedure for dividend payment in non-monetary form, record date. In doing so, decision on the record date shall be made upon the proposal of the Company’s Board of Directors only. The amount of dividends based on the results of the reporting year may not exceed the amount of dividends recommended by the Company’s Board of Directors.

    No dividends were accrued or paid based on the results of 2018.

    There were no resolutions regarding payment of remuneration to the members of the Board of Directors in 2018.

    Shareholders’ general meeting of JSC ATOMPROEKT

    Within the reporting year of 2018, the highest governance body — General Shareholders’ Meeting held 2 sessions in the form of joint attendance, including the annual general shareholders’ meeting, to make decisions on the issues related to the competence of JSC ATOMPROEKT highest governance body.

    JSC ATOMPROEKT Board of Directors

    Functions and duties of JSC ATOMPROEKT Board of Directors are regulated by Federal Law “On Joint-Stock Companies” and the Company’s Articles of Association. KPIs of JSC ATOMPROEKT Board of Directors are not applied.

    The following membership of the Board of Directors (elected by resolution of JSC ATOMPROEKT sole shareholder No. 238 dd. 26.12.2017, re-elected by the resolution of the annual shareholders’ general meeting on 29.06.2018, Minutes No. 1) acted within the period during 2018:

    • Buzharov Nikolay Alexandrovich,
    • Kazarin Alexander Mikhailovich,
    • Novikova Olga Konstantinovna,
    • Ilyinsky Konstantin Mikhailovich,
    • Shafalovich Natalia Borisovna.

    Members of JSC ATOMPROEKT Board of Directors neither have owned nor own any shares in the Company’s charter capital, the amount of Companies’ ordinary shares belonging to them is 0%. KPI was not established for the Board of Directors members. No remuneration has been paid to the Board of Directors members within the reporting period. No transactions related to the Joint-Stock Company shares acquisition or selling were performed by the members of JSC ATOMPROEKT Board of Directors within the reporting period.

    JSC ATOMPROEKT Board of Directors does not have committees and/or commissions set up in its structure.

    JSC ATOMPROEKT Board of Directors Report on the results of performance can be found in Appendix 9 of the Book of Appendices.

    The information about major transactions can be found in Appendix 10 of the Book of Appendices.