The principals of Federal Grid’s corporate governance policy:

Accountability. The Company’s Board of Directors is accountable to all shareholders in full compliance with all applicable legislation. Accountability also governs the Board of Directors in the development of strategy and performance of supervision and control over the activities of executive bodies of the Company.

Fairness. The Company is committed to defending shareholders’ rights and to treating all shareholders equally. The Board of Directors provides all shareholders with an effective defense in case any of these rights are violated.

Transparency. The Company ensures prompt information disclosure about all significant facts relating to its business activities, including: its financial status, social and ecological results, business results, ownership structure and Company management. The Company also offers free access to this information for all interested parties.

Responsibility. The Company recognizes all interested parties’ rights as provided for by applicable legislation and in addition, aims to cooperate with these parties with the ultimate goal of developing the Company and ensuring financial stability.