'NIKO' Group of companies is committed to improvement of corporate procedures and compliance with international standards of the corporate management system. Such approach allows significantly increasing operation efficiency and improving the investment potential of the companies of the Group, strengthening business reputation, meeting shareholders' interests and improving standards of living for employees and partners.

Several years ago 'NIKO' introduced a transparent system and a clear structure of corporate management in compliance with the highest standards. The adjustment of the Group's structure made it more efficient and clear for shareholders, investors and partners.

The new system provides for breakdown of the entire business into industry groups governed by the BOARD OF DIRECTORS consisting of the members of the managing company and the directors of the other companies of the Group.

'NIKO Management' Corporation as the managing company sets goals and targets for each company, approves and reviews its operating results, controls the managerial staff and defines key performance indicators.

The general director of each company is directly responsible for his/her company's performance of all corporate functions and is accountable to the BOARD OF DIRECTORS.