A robust and disciplined decision-making framework
The Audit Committee
- Kent Potter – Committee Chairman
- Juerg Seiler
The Audit Committee’s role, responsibilities, composition and membership requirements are documented in the Audit Committee Regulations approved by the Board.
The Committee oversees accurate financial reporting and disclosure and also helps to sustain regulatory compliance, strengthen internal control, and improve risk management.
The Strategy Committee
- Andrey Melnichenko -Committee Chairman
- Garth Moore
- Alexander Landia
- Sergey Vasnetsov
The Strategy Committee is a consultative and advisory body of the Board of Directors.
The Committee’s main role is to protect the interests of the shareholders by monitoring the strategic development of the Company and legal entities that are directly or indirectly controlled by the Company.
The Strategy Committee usually considers such issues as strategic plans of business segments, major investment projects, M&A transactions and project management. It prepares required recommendations that fall within the terms of reference of the Board of Directors and are delegated by the Board to the Committee.
The Nomination and Remuneration Committee
- Manfred Wennemer – Committee Chairman
- Nikolay Pilipenko
The Committee’s main role is to protect shareholders’ interests by monitoring the quality of corporate governance, HR strategy, policy and practice and the quality and efficiency of the appointments system.
The Committee also oversees the Company’s remuneration system as a whole and that of its senior executive management in particular.
It focuses primarily on remuneration and incentives, staffing requirements at ongoing investment projects and the introduction of health and safety performance indicators within the management incentive program. The Committee has made considerable progress towards establishing international standards of governance – and an important part of its role is to ensure that these standards are maintained.