Corporate governance

The Company’s approaches to ensuring effective corporate governance are underpinned by applicable standards and take into account the nature of its operations and governance as a 100% state-owned single economic entity As defined by Federal Law No. 29-FZ On the Specifics of Administration and Disposal of Railway Transport Property dated 27 February 2003. . Instructions of the Russian Government, which seek to improve the quality of corporate governance in state-owned companies, are of critical importance for shaping the corporate governance practice in the Company. In implementing its corporate governance framework and tools, Russian Railways also complies with documents issued by the Bank of Russia as the regulator and the Federal Agency for State Property Management as the corporate governance methodologist for state-owned companies.