Order of the Russian Ministry of Economic Development on October 24, 2012 approved the new composition of the Supervisory Board of the Special Economic Zone "Titanium Valley". It includes the new governor of the Sverdlovsk Region, Evgeniy Kuyvashev and deputy head of the regional government, Alexey Orlov, as well as General Director of Titanium Valley SEZ JSC, Artemiy Kyzlasov.
In addition, traditionally the Supervisory Board meetings are attended by representatives of the “VSMPO-Avisma” Corporation”, administration of Verkhnyaya Salda urban district, Special Economic Zones JSC and the Ministry of Economic Development of Russia.
It is to be recalled that the functions of the Supervisory Board of the Titanium Valley SEZ include consideration of future perspective plans for development of the site and monitoring the expenditure of the budget allocated for the development of its territory within SEZ. The Supervisory Board also decides on the participation of new residents in the construction of the SEZ on the basis of presented business plans and assists in the implementation of projects of Titanium Valley residents and other residents of special economic zone, projects of other investors.