Board Committees

The main goal of the Committee is preliminary consideration of specific issues and goals falling within the competence of the Board of Directors, professional examination, preparing opinions and recommendations enabling the Board of Directors to take a decision.

The major tasks of the Committee are:

• ensuring that the Company is managed by highly-qualified professionals.
• developing incentives necessary for the successful work of the members of the governing bodies to guarantee the achievement of the Company’s strategic goals
• assessing the activities of the company’s governing bodies
• succession planning and implementation

• Annual review of the Company’s policies on labor safety, industrial safety , health care, social responsibility and protection of the environment;
• Monitoring of the Company’s compliance with legal and regulatory requirements for labor safety, industrial safety, health care and social adopted in the Company;
• Preparation of recommendations to the Board of Directors and the General Director on issues pertaining to the competence of the Committee for adoption;
• Development and review of policies and activities related to corporate social responsibility and sustainable development for further adoption by the Board of Directors or the General Director of the Company. Monitoring of implementation of the policies recommended by the Committee in the Company and achievement of the set objectives;
• Review of significant risks in the sphere of corporate social responsibility and the plans for their mitigation;
• Review of the issues concerning significant accidents and incidents for further analysis and adoption of preventive measures;
• Recommendations concerning the participation of the Company in social projects;
• Communication and promotion of social activities and projects of the Company to investors, regulatory authorities and government officials, media and other communities;
• Development and recommendations on the preparation of internal documents of the Company;
• Follow-up of the development and publication of Sustainability Report and Annual Report.

The main goal of the Committee is preliminary consideration of specific issues and goals, professional examination, preparing opinions and recommendations enabling the Board of Directors to take relevant decisions. The Committee is in charge of defining expectations of interested parties (Company’s stakeholders) as well as supervision and strategic management of the Company, within the competence of the Board of Directors.

The main responsibilities of the Committee include the following:

• establishment of policies and procedures of strategic management, monitoring of their implementation and execution
• development of alternative strategic initiatives
• analysis and evaluation of the results of the strategic initiatives implemented
• monitoring of the expectations of the Company’s shareholders
• establishment and amendment of budgets for the next financial year
• review of the Company’s key investment projects and preparation of recommendations to the Board of Directors for their approval
• establishment of the range and target values of performance indicators in relation to their strategic priority
• evaluation of performance indicators of the Company

The main goal of the Committee is preliminary consideration of specific issues and goals falling within the competence of the Board of Directors, professional examination, preparing opinions and recommendations enabling the Board of Directors to take a decision.
The main responsibilities of the Committee include overseeing the following areas:

• risk management processes
• internal control
• reporting
• the work of the outside auditor of the Company
• corporate governance and compliance with legislation
• internal auditing