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The Board of Directors of JSC "Resorts of the North Caucasus" has elected a new Chairman. It is the first Deputy Minister of economic development of the Russian Federation Mikhail Babich.
In accordance with the JSC "RNC" Articles of Associations, the Board of Directors provides general management of the company's activities. Its competence includes determining the company's priority areas of activity and implementing policies that ensure the achievement of goals and objectives.
It is worth reminding that since the authority to manage development institutions is transferred to the Ministry of Economic Development of the Russian Federation, JSC "RNC" has conducted a profound audit of its activities, optimized expenses and management systems. Now the Ministry is implementing a systematic approach to the development of the economy of the North Caucasus Federal district and the functioning of development institutions as the main locomotives. The main focus is on infrastructure development of the territory, removing legal and organizational barriers, bringing the economy out of the shadows, and attracting new residents.
At the end of May, Mikhail Babich was also elected Chairman of the Board of Directors of another development Institute of the North Caucasus Federal district – JSC North Caucasus Development Corporation.