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Investor Presentaiton

Report on Compliance with the Principles and Recommendations of the Corporate Governance Code This Report on Compliance with the Principles and Recommendations of the Corporate Governance Code was reviewed by the Board of Directors of PJSC Russian Aquaculture on the meeting of 30 May 2022 (Minutes No. 374 dated 30 May 2022). Following the results of the review, the Board of Directors confirms that the data contained in this Report represent complete and reliable information on the Company's compliance with the principles and recommendations of the Corporate Governance Code in 2021. Assessment methodology: compliance with the corporate governance principles recognised in the Corporate Governance Code has been assessed in accordance with the template proposed in the recommendations on the preparation of a report on compliance with the principles and recommendations of the Corporate Governance Code (Letter of the Bank of Russia No. IN-06-28/102 dated 27 December 2021). Annexes No. Corporate governance principles 1.1.3 1.1.4 During the preparation and holding of a general meeting, shareholders had an opportunity to receive information about the meeting and files of the meeting in a free and timely manner, ask questions to the executive bodies and members of the board of directors of the company, communicate with each other. Shareholders came across no unjustified difficulties in exercising of the right to demand convention of a general meeting, nominate candidates to the management bodies and propose agenda items of a general meeting. Each shareholder had an opportunity to exercise the right to vote in the easiest and most convenient way without any obstacles. Criteria for assessing compliance with the corporate governance principle 1. In the reporting period, shareholders were given an opportunity to ask questions to members of the executive bodies and the board of directors of the company when preparing and in the course of the general meeting. 2. The position of the board of directors (including dissenting opinions entered in the minutes, if any) on each agenda item of the general meetings held in the reporting period was included in the files of the general meeting of shareholders. 3. The company granted eligible shareholders access to the list of persons entitled to participate in the general meeting from the date of its receipt by the company, in all cases of holding of general meetings in the reporting period. 1. The company's charter provides for a period for shareholders to propose agenda items of the annual general meeting within at least 60 days from the end of the relevant calendar year. 2. In the reporting period, the company did not refuse to accept proposals related to the agenda items or candidates to the company bodies due to misprints and other insignificant shortcomings in the shareholder's proposal. 1. The company's charter provides for an electronic ballot to be filled in on the website given in the message on the general meeting of shareholders. Status of compliance with the corporate governance principle Partially observed Observed Not observed Explanations of deviation from criteria for assessing compliance with the corporate governance principle Criterion No. 1 is not observed. Since the General Meetings of Shareholders were held in the form. of an absentee vote in the year under review, shareholders had no opportunity to ask questions to members of executive bodies and the Board of Directors in the course of the General Meeting. However, the Company's messages announcing the General Meeting always contain a telephone number for shareholders to contact the Company's management and members of the Board of Directors, among other things. Criterion No. 1 is not observed. The Company's Charter does not provide for an electronic ballot to be filled in on the website given in the message on the General Meeting of Shareholders. The Company is committed to implementing the recommendations of the Code and plans to adopt a new version of the Charter which will include a provision on the possibility of filling in an electronic ballot on the website. No. Corporate governance principles Criteria for assessing compliance with the corporate governance principle Status of compliance with the corporate governance principle Explanations of deviation from criteria for assessing compliance with the corporate governance principle 1.1.5 1.1 1.1.1 1.1.2 The company has to ensure equal and fair treatment of all shareholders in exercising their right to take part in the company management The company creates the most favourable conditions for shareholders to participate in the general meeting, develop a justified position on the agenda items of a general meeting, coordinate their actions, as well as an opportunity to express their views. on the items considered. The procedure for informing about holding of a general meeting and providing files to a general meeting gives shareholders an opportunity to prepare properly for the participation therein. 1. The company ensures easy communication, such as via a hotline, email or an internet forum allowing shareholders to express their opinion and submit agenda items in the course of the preparation for a general meeting. These ways of communication were prepared by the company and made available to shareholders for each general meeting during the reporting period. In the reporting period, a message on holding of a general meeting of shareholders is posted (published) on the company's website at least 30 days before the date of the general meeting, unless a longer period is stipulated by law. The message on the meeting indicates the place of the meeting and the documents necessary for admission to the premises. Shareholders were provided with access to the information about the person proposing the agenda items and nominating candidates to the board of directors and the auditing commission (in case the commission shall be formed as per the company's charter). Observed Observed 102 PJSC Russian Aquaculture | Annual Report 2021 www.russaquaculture.ru/en/ 103
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