This is the Foundation’s supreme management body. It is established on the basis of collegiality, and includes the Foundationís Founders or their representatives. The following matters fall within the exclusive competence of the Foundationís Foundersí Council:
Determining the Foundationís overall strategy and main priorities in its work;
Establishing the Trusteesí Council;
Appointing the Foundation's Executive Director, and the Chairman and members of the Foundationís Expert Council;
Approving the Foundationís charity programmes, and the programmes for competitive and target events;
Approving the Foundation's budget.
Mikhail Prokhorov is one of Russia's most successful businessmen, heading several different large companies over the years. Currently, Mr. Prokhorov is the Chairman of the Board of Directors at Russia's largest gold producer, Polyus Gold, as well as head of ONEXIM investment group.†Mr. Prokhorov was honoured with the Friendship Award in 2006 for his contributions to Russia's economic growth.
Irina Prokhorova, literary critic and cultural historian (PhD), is the head of the New Literary Observer magazine and publishing house. She was honoured by the Government of the Russian Federation for New Literary Observer magazine (2002), and received the independent American award, Liberty, for her contribution to the development of Russo-American cultural relations (2003). In 2005,Ms. Prokhorova became Chevalier de l'Ordre des Arts et des Lettres (France), and a laureate of the Andrey Bely prize for literature (2006). In 2012 she became the Chevalier of the Order of the Legion of Honor of France.