Board Committees

The Board Committees schedule is performed in accordance with Board of Directors work plan.

Nomination and Compensation

Areas of responsibility:

The Strategy Committee is responsible for reviewing the management’s proposals, assessing associated risks and developing recommendations to support the Board’s decision-making in the following key areas:

  • Developing the company’s overall strategy, strategic plans for business segments and strategies by functional area;
  • Defining the company’s operating priorities and evaluating the operational efficiency of management;
  • Carrying out investment planning, project management and capital management;
  • Improving key business processes.
For more details, see Strategy Committee report from our 2018 Annual Report.

Areas of responsibility:

  • Making recommendations to the Board of Directors regarding HR strategy, nominations and compensation, corporate governance and social policy;
  • Ensuring the continuity of senior management, developing a succession pool and talent pipeline and designing and assessing programmes for developing managers;
  • Ensuring compliance with industrial and environmental safety standards at our enterprises with regulatory and corporate requirements; monitoring our system of key performance indicators in this area;
  • Analysing the causes and consequences of accidents and developing recommendations on their future prevention.
For more details, see Nomination and Compensation Committee report from our 2018 Annual Report.

Areas of responsibility:

  • Ensuring the integrity of published financial statements;
  • Guiding the development of management reporting with regular reviews of performance reports;
  • Overseeing the implementation of budget-planning policies and evaluating the effectiveness of budgeting systems;
  • Evaluating the performance of the external auditor and its process;
  • Assessing the effectiveness of internal control and risk management;
  • Supervising the work of the Internal Control and Audit Service (ICAS), including the quarterly analysis of audit findings and annual analysis of audit effectiveness.
For more details, see Audit Committee report from our 2018 Annual Report.

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