|
ARMADA is a holding company. The management company ARMADA OJSC holds a controlling interest in all of the group’s subsidiaries. ARMADA consolidates assets operating in a variety of IT market sectors, including software development and implementation and IT services. All these companies are profit centers and running their business under their original brand names. To facilitate the integration of the group’s assets united Financial Department and Legal Department were established, as well as Acquisitions department, PR Department and Investor Relation Department. The general meeting of shareholders is a senior corporate governance body of ARMADA, while the Board of Directors, consisting of 7 persons, is responsible for general management of the company’s activities. Members of the Board of Directors are elected by the general shareholders meeting for a term of one year. There are two committees within the Board of Directors: HR & Remuneration Сommittee, and Audit committee. The task of the HR & Remuneration Committee is to develop, approve and implement salary policies, as well as to determine emoluments to members of the Board of Directors and senior executives. The Audit Committee has been set up to manage risks, oversee financial and economic activities, as well as to evaluate candidates for the company’s auditors. 
DocumentsShort link on this page: http://www.armadaitgroup.com/?id=nvnc3 |