AGM

The Annual General Shareholders’ Meeting represents the highest governing entity at Rostelecom. The Company complies with all necessary procedures in order to guarantee shareholders' rights to participate in the Company’s management by way of voting at the AGM.

The Company observes the following principles with respect to the AGM:

• maintenance of fair and effective procedures for submitting proposals for agenda items, including proposals for the nomination of candidates to the Board of Directors and the Audit Commission;
  
• preparation of the necessary information for the AGM both in Russian and English and its circulation to shareholders;
  
• disclosure of information concerning the AGM through the media, the Company's website, and direct mailing to shareholders upon their request drawn up in compliance with applicable laws, rules and regulations;
  
• availability of contact information in distributed materials and the ability to contact the Corporate Secretary and/or Corporate Governance Department enquiries concerning shareholders’ rights;
  
• selection of the time and venue of the AGM to best balance the need of the Company to run the meeting cost-effectively and to encourage widespread attendance at the meeting; and
  
• attendance of the members of the Board of Directors, the Management Board, CEO, the Audit Commission and a representative of the independent auditor.