JSC Atomenergoprom Annual Report
JSC ATOMENERGOPROM / ANNUAL REPORT / 104
Payment of declared (accrued) dividends
on JSC Atomenergoprom's shares
Under the resolution of ROSATOM as the holder of 100% of voting shares in JSC Atomenergoprom, in 2022,
dividends were declared and paid within the prescribed time frame (see the chart).
Dividends declared and paid in 2022, RUB million
Compliance with the principles and recommendations
of the Corporate Governance Code recommended
by the Bank of Russia
JSC Atomenergoprom adheres to the key corporate governance principles stipulated by Russian legislation
and the Corporate Governance Code (e.g. respect for shareholder rights, the procedure, format and scope
of information disclosure), with some exceptions stemming from the nature of the business and the legal
status of JSC Atomenergoprom and its organisations (restricted civil circulation of shares of joint-stock
companies appearing on the lists approved by the Russian President and comprising Russian legal entities
that may be holding nuclear materials or nuclear facilities).
For 9M 2021 (outstanding declared
dividends)47
For 2021
Interim dividends for 1H and 9M48 2022
8,111
16,420
26,87549
GRI 2-20
Major transactions and non-arm's length transactions
In 2022, JSC Atomenergoprom did not conclude any major transactions.
In accordance with paragraph 17.1 of the Charter of JSC Atomenergoprom, the provisions of Chapter 11 of
the Federal Law on Joint-Stock Companies do not apply to the Company.
GRI 2-6 Key changes in the corporate structure in 2022
1.
2.
3.
4.
5.
6.
In order to promote the development of corporate volunteering and corporate social responsibility
in the nuclear industry, the Autonomous Non-Profit Organisation Energy of Development was
established. The Autonomous Non-Profit Organisation Energy of Development was founded by
companies of JSC Atomenergoprom: JSC TVEL, JSC Rosenergoatom and JSC TENEX.
An organisation of the Company acquired a controlling stake in PJSC Quadra - Power Generation,
one of Russia's largest regional power generation companies.
In order to develop the logistics business in the industry, JSC Atomenergoprom increased its stake
in the authorised share capital of LLC MC Delo and in Global Ports Investments PLC.
A nuclear organisation acquired several subsidiaries in the Sales and Trading segment.
Business acquisitions were made in the Mechanical Engineering segment.
Other investments included investments in the industrial, energy and research sectors.
GRI 2-19 Key provisions of the policy on remuneration and/or
reimbursement of expenses; information on remuneration
and/or reimbursement of expenses
GRI 2-15 Board members who are full-time employees of the Company are remunerated for their work in accordance
with the Standardised Industry-Wide Remuneration System instituted by ROSATOM and adopted by
the Company in 2009. Remuneration, including salary paid to those Board members who are full-time
employees of the Company, is regulated by employment contracts and applicable local regulations of the
Company and ROSATOM on remuneration. Under the resolution of the General Meeting of Shareholders,
members of the Board of Directors may receive remuneration and reimbursement for expenses related to
the performance of their functions as members of the Board of Directors. The amount of such remuneration
and reimbursement is established by the General Meeting of Shareholders. There are no KPIs for Board
members who are full-time employees of the Company, including with regard to sustainability matters.
No decisions were taken in 2022 to pay out remuneration and/or reimburse expenses incurred by the
members of JSC Atomenergoprom's Board of Directors; no remuneration or reimbursement for expenses
were paid out.
7.2. RISK MANAGEMENT
Risk management system
ROSATOM's industry-wide risk management system (RMS) is integrated into the Company's planning and
management processes. The RMS is based on a continuous cyclical process of identifying, assessing and
managing the risks that can affect JSC Atomenergoprom's short- and long-term performance and the
implementation of its strategy. The RMS covers all of the Company's organisations.
The RMS is being developed in accordance with the approved Risk Management Development Programme
for the period from 2019 through 2024.
47. Outstanding dividends for the nine months of 2021.
48.
The dividends were paid out of retained earnings for previous years.
49. Including RUB 11,760 million paid in January 2023.
GOVERNANCE SYSTEM
GOVERNANCE SYSTEM
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