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In accordance with the RTS Stock Exchange Charter the Partnership Board of Directors consists of 17 members and is elected for one year.
The Board of Directors is formed the following way:
Category 1: 9 members of the Board of Directors are elected from the list of 15 candidates representing companies that are the most active on the Exchange (Classic market and FORTS market volumes, from July 1, 2003, through March 31, 2003, are being taken into account). The following persons are nominated in this category:
| № | Company | Representative |
| 1 | Troika Dialog | Jacques Der Megreditchian |
| 2 | Web-invest.ru | Alexander Vinokurov |
| 3 | Fourth Dimension | Vladimir Kuptsov |
| 4 | "NIKOil" Bank | Igor Kolomeisky |
| 5 | ALOR Invest | Anatoly Gavrilenko |
| 6 | Eltra | Sergey Roshshin |
| 7 | Renaissance Broker | Anna Vyshlova |
| 8 | Unified Financial Group | Dmitry Khilov |
| 9 | BrokerCreditService | Oleg Mikhasenko |
| 10 | Solid | Vladimir Semernin |
| 11 | Alfa-Bank | Dominic Gualtieri |
| 12 | Brunswick UBS Warburg | Marlen Manasov |
| 13 | ATON | Alexander Kandel |
Category 2: 2 members representing regions are elected. In accordance with the rules, each member should represent a separate region:
| № | Region | Company | Representative |
| 1 | North-Western | Energocapital | Alexander Kashin |
| 2 | North-Western | Baltic Financial Agency | Alexander Novikov |
| 3 | North-Western | Lenstroimaterialy | Dmitry Abramov |
| № | Region | Company | Representative |
| 1 | Siberian | Land | Anatoly Dubeiko |
| 2 | Siberian | Octan-Broker | Sergey Zolotare |
| № | Nominee | Represents |
| 1 | Ruben Vardanian | Rosgosstrakh Holding |
| 2 | Yuri Dubin | Sberbank of Russia |
| 3 | Eduard Zernin | "Region" |
| 4 | Sergei Kozlov | Probusinessbank |
| 5 | Konstantin Kostyna | Depositary and Clearing Company |
| 6 | Sergei Kuznetsov | Interfintrade |
| 7 | Konstantin Malofeev | Moscow Business World Bank |
| 8 | Victor Nikolaev | St. Petersburg Stock Exchange |
| 9 | Dmitry Ponomarev | Trading system administrator of wholesale electricity market |
| 10 | Dan Rapoport | CenterInvestSecurities |
| 11 | Alexei Savatiugin | NAUFOR |
| 12 | Vladimir Skvortsov | AlfaStrakhovanie |
| 13 | Victor Shakhurin | Univer |
| 14 | Mechislav Sheshilovsky | Metropol |
| 15 | Oleg Yachnik | OLMA |
