Company management

Functions of the Management Board

  • Establishment of procedures for NLMK's cooperation with its subsidiaries and affiliates and the appointment of NLMK representatives to management positions at these companies

  • Making decisions concerning the Group's participation in other companies if the value of the acquired property is not more than 2% of the value of NLMK's assets

  • Approval of transactions involving NLMK assets if the amount of the transaction exceeds 10% of the Company's assets

  • Making recommendations to the senior management bodies for the approval of major transactions and related party transactions

  • Elaboration and submission of a development concept, strategic plans and major activity programmes to the Board of Directors, as well as preparation of reports on the status of their implementation, and development and approval of the Company’s current activity plans