Sistema JSFC announced the resolutions adopted at a meeting of the Board of Directors of the company that took place on May 21, 2016. The Board of Directors approved the list of 11 candidates for election to the new Board of Directors of the company at the annual general meeting of shareholders to be held on June 25, 2016. Six of the 11 candidates fulfill the criteria for independent directors as set out in the Federal Law on Joint-Stock Companies, and by Moscow Exchange and the Russian Corporate Governance Code. The list of candidates for the Board of Directors of JSFC Sistema comprises: Vladimir Evtushenkov, Sergei Boev, Andrey Dubovskov, Felix Evtushenkov, Patrick Clanwilliam (independent director), Robert Kocharyan (independent director), Jeannot Krecké (independent director), Peter Mandelson (independent director), Roger Munnings (independent director), Mikhail Shamolin, and David Yakobashvili (independent director). The Board of Directors also elected Artem Zasursky, Vice President and Head of Strategy of JSFC Sistema, to the company's Management Board.