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Main / Corporate governance
Corporate
governance
governance
Main / Corporate governance
CORPORATE GOVERNANCE SYSTEM
Smart Holding systematically improves its corporate governance system, consistently implementing the best international practices and assessing their impact on the sustainable development and growth of the Company's value.
Paving its way to an optimal corporate governance model, the Group is guided by best international practices, legislative requirements and the specifics of the corporate structure. The management structure adopts a clear separation of strategic planning and operational management functions, which allows for the effective realization of business potential, creation of maximum value for the Trusts and achievement of the goals set out in the Group’s strategy.
This approach ensures transparency, stability and flexibility in making management decisions, meets modern challenges and supports the long-term effectiveness of Smart Holding’s activities.
This approach ensures transparency, stability and flexibility in making management decisions, meets modern challenges and supports the long-term effectiveness of Smart Holding’s activities.
KEY PRINCIPLES
The corporate governance system of Smart Holding Group is based on the following principles:
01
Ensuring the protection of the rights and interests of shareholders
02
Delineation of powers, professionalism, responsibility of governance bodies
03
Efficient decision-making and transparency of management processes
04
Commitment to the principles of sustainable development and international standards of accountable business
CORPORATE GOVERNANCE STRUCTURE
Smart Holding (Cyprus) Ltd
Smart Holding (Cyprus) Ltd – Top Holding (parent) company of Smart Holding Group
Registered in the Republic of Cyprus. Identifies the strategic directions for the development of Smart Holding Group
Registered in the Republic of Cyprus. Identifies the strategic directions for the development of Smart Holding Group
General Meeting of Shareholders
Supreme governance body
Makes decisions on approval of the performance results, distribution and payment of dividends, and appointment of members of the Board of Directors
Makes decisions on approval of the performance results, distribution and payment of dividends, and appointment of members of the Board of Directors
Board of Directors
Collegial executive body
Makes decisions for the Group as a whole. Ensures common approach in strategic priorities and questions taking into account interests of all business segments of Smart Holding Group
Makes decisions for the Group as a whole. Ensures common approach in strategic priorities and questions taking into account interests of all business segments of Smart Holding Group
Strategy and Investment Committee
Advisory
Board
Board
Advisory and collegial bodies
Consider relevant questions, provide advice, expertise and recommendations to the Board of Directors for decision-making
Consider relevant questions, provide advice, expertise and recommendations to the Board of Directors for decision-making
COMPLIANCE AND CORPORATE ETHICS
In the companies of the Smart Holding group, adherence to ethical standards and compliance procedures is an integral part of corporate culture and daily activities.
We conduct business in accordance with the current legislation and regulatory requirements of the jurisdictions in which our companies operate. The Group openly declares its commitment to anti-corruption standards and the principle of inadmissibility of violating economic sanctions regimes.
Ethical business conduct is not just a declaration, but a key position shared by every employee. We believe that transparency, responsibility and integrity are the basis of the trust of our partners, clients and society.
We conduct business in accordance with the current legislation and regulatory requirements of the jurisdictions in which our companies operate. The Group openly declares its commitment to anti-corruption standards and the principle of inadmissibility of violating economic sanctions regimes.
Ethical business conduct is not just a declaration, but a key position shared by every employee. We believe that transparency, responsibility and integrity are the basis of the trust of our partners, clients and society.
RISK MANAGEMENT SYSTEM
At Smart Holding, risk management is a strategic priority that covers all levels of the Group’s activities — from operational processes to long-term planning.
We consider risks as a set of factors that can affect business results, and therefore we are constantly improving our risk management system. This allows us to identify both threats and opportunities in a timely manner, and respond to them effectively and in a balanced manner.
Risk management and internal control tools are integrated into the processes of making managerial and production decisions. This approach ensures deep integration of risk management with business processes and the Group’s overall development strategy.
We consider risks as a set of factors that can affect business results, and therefore we are constantly improving our risk management system. This allows us to identify both threats and opportunities in a timely manner, and respond to them effectively and in a balanced manner.
Risk management and internal control tools are integrated into the processes of making managerial and production decisions. This approach ensures deep integration of risk management with business processes and the Group’s overall development strategy.
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