Role of the Board of Directors

The PJSC Inter RAO Board of Directors handles the strategic management of the Company, determines the basic principles and approaches for organizing the risk management and internal control framework at the Company, monitors the activities of the Company’s executive bodies, monitors the execution of the resolutions adopted at the General Meeting of Shareholders, ensures the protection and exercising of shareholders’ rights, determines the main parameters of the business plan and monitors its implementation, determines the management system for controlled companies, and adopts decisions on key projects and major transactions.

The Board of Directors regularly conducts an analysis of the compliance of the Company’s corporate governance system and corporate values with its goals and objectives as well as the scale of its activities and the risks that are assumed. The Board of Directors evaluates the activities of the Company’s executive bodies and the work of management.

In its activities, the Board of Directors is guided by the Federal Law “On Joint-Stock Companies,” other regulatory legal acts of the Russian Federation, the Company’s Charter, and the Regulation on the PJSC Inter RAO Board of Directors Approved by the Annual General Meeting of Shareholders of PJSC Inter RAO dated June 9, 2017 (Minutes No. 17 dated July 09, 2017). .