Effective corporate governance is one of the key drivers of our Company's competitiveness. EFKO FOODS PLC fully complies with best in class corporate governance standards aimed at providing shareholders with effective mechanisms to control and monitor the management, helping to increase the Company's market capitalization. The control system embraces both internal procedures and external legal and regulatory mechanisms enhancing the Company's responsibility, integrity and transparency and promoting shareholders' lawful interests.

The Company's management system was designed in line with the world's best practices, consisting of:

1. the General Meeting of Shareholders – the Company's supreme managing body;
2. the Board of Directors – an executive body elected by shareholders and responsible for strategic decision-making;
3. the Management Board – a team of professional managers in charge of strategic initiatives implementation and daily operations administration.

This Section describes EFKO FOODS PLC's corporate governance and management control framework.