As Russia’s leading public investment company, Sistema operates in a transparent manner and has established a clear organisational structure tailored to support the Group’s investment activities.
Sistema's main governance bodies are: the General Meeting of Shareholders, the Board of Directors, the President and the Management Board. The Board of Directors and the President have committees that develop recommendations for forming Sistema's decisions in the respective areas.
Sistema adopted its existing organisational structure in May 2012. Including the adjustments and amendments made in September 2012, this reflects our transition to the investment company model. As of December 31, 2013, the structure comprises four functions, eight investment portfolios and five departments.