A joint-stock company, as well as a legal entity in general, needs management bodies providing control in the company itself and interaction with other bodies – public authorities, organizations, firms, companies and individuals. The general meeting of shareholders, Board of Directors and an executive body represent the management system of a joint-stock company.
Joint Stock Company “Foreign Economic Association “Mashinoimport” (JSC “FEA” Mashinoimport”) has a three-tier system of corporate management, represented by the General Meeting of Shareholders, the Board of Directors and Director-General in accordance with the Federal Law “On Joint Stock Companies” and the Charter of the Association.
The highest governing body is the General Meeting of Shareholders. The General Meeting of Shareholders expresses the will and its decisions define the activities of JSC “FEA “Mashinoimport” within the approved Charter.
The Board of Directors, which is responsible for issues not related to the competence of the General Meeting of Shareholders and the Sole Executive Body, carries out the general management of JSC “FEA “Mashinoimport” and manages its economic “policy”. The Board of Directors is headed by Chairman of the Board (President of the Association). The Board of Directors consists of 5 members.
The Sole Executive Body, represented by Director-General who is accountable to the Board of Directors and the General Meeting of Shareholders, manages the current business activities.
The Auditing Committee carries out management of financial and economic activities; it consists of three members, who are elected by the General Meeting of Shareholders for the period until the next annual General Meeting of Shareholders.