The Audit Commission and/or an external auditor monitor the financial activity of the company. Its competence is governed by the Joint Stock Company Law and the company charter. The Audit Commission\'s activity is specified in a regulation approved by the GMS.
The Audit Commission may conduct an audit at its own initiative, upon a decision of the GMS or the Supervisory Board or at the request of shareholder(s) holding in the aggregate more than 10% of the voting shares.
Members of the Audit Commission cannot simultaneously be members of the Supervisory Board, or hold any other p...