EXPLANATORY NOTE

THE ORGANIZATIONAL STRUCTURE OF THE UZRCE

According to paragraph 3 of the decree of the President of the Republic of Uzbekistan from April 24, 2015, № PD-4720 “on measures On introduction of modern methods of corporate management in joint-stock companies” approved standard organizational structure of joint stock companies, developed through in-depth study of the system of management in leading international companies.

It was also found that within three months the State Committee of the Republic of Uzbekistan for privatization, demonopolization and development of competition, other interested agencies and Supervisory boards of joint-stock companies provided the enforcement of organizational structures of joint stock companies in line with the model structure given their industry specificity.

In accordance with the above model and organizational structure of joint stock companies developed the organizational structure of the UZRCE.

 

According to article 59 of the Law "On joint-stock companies and protection of shareholders 'rights" (new edition) organizational structure of the company approved by the General meeting of shareholders.

 

The organizational structure of the UZRCE was approved at the General meeting of shareholders June 19, 2015.