Leta group

Financial and economic control and audit

This function includes development and maintenance of current status of unified principles and forms of administrative, financial and tax accounting, coordination of financial activities of the Group, including joint funding. Also, regular financial audit of the group companies, audit and certification of financial divisions and departments are carried out, and external audit activities are coordinated. Quarter and annual accounts as well as consolidated accounts, both of the group and separate companies, are prepared. Engagement of new employees in financial departments and accountant's office is coordinated; employees are trained according to new rules and standards.

Legal support and coordination

This function implies development and maintenance of current status of unified legal documents, both inside the company and with external partners. Within the scope of this function, the activities of legal departments of the group are coordinated. Implementation of top-importance projects and performance of regular audit and certification of legal departments represent a separate direction both for the managing company and for separate businesses.

Information technologies management

This function implies development and control of compliance of IT strategies to all business goals of the company. Selection of a contractor for generation and servicing of IT infrastructure. Exercising control over implementation of IT infrastructure (including monitoring system) on the basis of a selected strategy within the scope of specific budgets. Creation of an efficient technical support system on the basis of SLA.

Investment activities

The Group of companies is the center for taking investment decisions (Investment committee). Its functions comprise development and maintenance in current status of standards for assessment and approval of investment decisions defining methodology and the procedure for taking investment decisions, including financing principles. The management company is also the center (analytical department) for analyses of market conditions and potential investment directions. This department both develops its own recommendations and analyses proposals of the companies belonging to the group.

New projects management

New projects mean separate businesses or directions in existing companies. Decisions on launching of a new project are taken by the investment committee and are executed as an investment. Project management is carried out within the standard methodology which is regularly updated. New projects may be either entirely controlled by LETA Group, or controlled by LETA Group together with a company-member.

Strategic planning

LETA Group is in charge for development and implementation of standards, recommendations and other documents and procedures assisting in valuable timely planning in the companies. Within the scope of standards and recommendations plans for the operation activities of the company are analyzed. LETA Group has developed the KPIs systems (key performance indicators) which are transmitted to the companies belonging to the group. This system is the basis for compensation mechanisms.

Besides LETA Group is in charge for long-term strategic planning of the companies’ activities. Planning is performed once every several years, the results being constantly monitored and corrected accordingly.

Marketing and PR coordination

The function implies development and maintenance of current status of unified marketing and PR procedures and approaches: first of all, inter-company coordination and exchange of experience, as well as development and maintenance of unified policies and standards in relation with mass media.

Security

In LETA Group there is a centralized security service. The service is in charge for development and maintenance of current status of organization and technical measures that provide for the security level required by the Russian laws and internal regulations.