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The Supervisory Board of Alfa Group is the Group’s supreme consultative body that provides advice and consultation on the strategic development of the Group as a whole as well as of its individual companies. The Supervisory Board comprises 12 members who represent the main companies of the Group.
The Supervisory Board meetings are held once every two weeks, and serve as a forum to exchange ideas and opinions about the current developments in the world economic and political arenas. The Supervisory Board also considers key strategic issues for the Group, including the review of major financial and investment transactions, the critical evaluation of company performance, and the development of strong corporate governance and control mechanisms.
The Annual Meeting of the Group is held each April at which time the Supervisory Board reviews and consults on: the results of the yearly performance; performance-related compensation for top executives; forward-looking budgets; and the overall strategy for each of the Group’s companies.
The authority and activity of the Supervisory Board as well as of our individual companies’ Boards is regulated by the Group Statute and corporate regulations, which are periodically reviewed and appended.
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