The activities of the Management Board focus on the efficient operation of the Company, implementing prompt and objective decisions that meet the interests of the Company and its shareholders; as well as efficient, timely and conscientious fulfillment of General Shareholders’ Meeting and Board of Directors’ resolutions.
Members of the Management Board are appointed for a one-year term upon the decision of the Board of Directors.
On July 10, 2003 the Management Board of the Company set up a number of Committees to ensure the efficiency of Rostelecom’s main business lines and to improve the corporate governance structure.
Budget and Investment Committee
The main objective of the Budget and Investment Committee is to facilitate decisions in the sphere of budgeting and investments necessary for the successful fulfillment of the Company's business plans, development programs and strategies as well as financial and tariff policies.
Risk Management Committee
The main purpose of the Risk Management Committee is to coordinate development of the Company's risk management system and maintain efficient risk management on all tiers ensuring balanced decision-making.
The main objective of the Compensation Committee is to create an effective system for employee compensation supporting the Company's competitive position and long-term success.
The main purpose of the Charity Committee is to review issues and take decisions in respect of charitable giving and participation in social projects.