Transparent governance

Corporate governance and business ethics principles of PJSC ArcelorMittal Kryvyi Rih, part of the multinational company, are based on the best modern practices. Supporting common standards of responsible business PJSC ArcelorMittal Kryvyi Rih aims to be highly transparent and open.

Resolution about General Shareholder Meeting and Resolution about Supervisory Board, that determine the principles of operation and interaction of main management bodies of the plant. The General Shareholder Meeting has a right to make decisions on all plant issues.

The Agenda of Annual Shareholder Meeting such issues are mandatory included as approval of annual report, profit and loss sharing at the plant, making decisions on reports of Supervisory Board and Chief Executive Officer. Supervisory Board of PJSC ArcelorMittal Kryvyi Rih leads strategic business management, protects the rights of the shareholders and efficient return of investments. Meetings of Supervisory Board hold quarterly and coordinate relationships between shareholders and management of the plant.

Chief Executive Officer of the plant is an executive body of PJSC ArcelorMittal Kryvyi Rih. Chief Executive Officer is elected by Supervisory Board. Chief Executive Officer leads general management of all operations of the plant: management, implementation of decisions taken by General Shareholder Meeting and Supervisory Board, represents PJSC ArcelorMittal Kryvyi Rih before third parties, holds negotiations and approves internal administrative documents.

Management Committee operates within the structure of PJSC ArcelorMittal Kryvyi Rih permanently. This committee is a collegial, consultative and deliberative body planning strategy of development and making decisions in key areas of activity of the plant.