The meeting of shareholders is the supreme authority of the Company.
It makes decisions about the approval of transactions, splitting and reverse splitting of shares, payment of dividends, determines the order of the meeting of shareholders, approves annual reports and internal documents regulating the activity of the Company, elects the members of the Board of Directors of the Returning Board and the Audit Committee, makes alterations and additions in the Articles of the Company. The competence of the meeting of shareholders includes the election of the executive authority of the Company and its early termination.
Thus, the meeting of shareholders has the leading role in the management structure of the Company.
In its work, the General Meeting of shareholders observes the legislation of the Russian Federation and the Articles of the OJSC «IPP».