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Board Committees
Board Committees
The Board of Directors of PJSC Uralkali has established several committees for preliminary review of the most important issues and preparation of recommendations to the Board of Directors. When a member of the Board of Directors is appointed to serve on one of the Board’s Committees, his/her professional experience and independence are taken into account in compliance with the requirements of the current legislation. In accordance with the best international practices the Company places high importance on the recommendations of the Board’s Committees.
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Appointments and Remuneration Committee
Appointments and Remuneration Committee
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:
- Recruitment of qualified executives.
- Development of incentive plans to facilitate implementation of strategic plans and ensure succession of governance.
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Audit Committee
Audit Committee
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 and internal control,
- External and internal audit,
- Corporate governance and legal compliance,
- Evaluation of candidates to the Company’s auditors,
- Evaluation of auditors’ reports.
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Sustainable Development Committee
Sustainable Development Committee
The main responsibilities of the Committee include the following areas:
- Participation in the development of a strategy of the Company in the area of sustainable development;
- Monitoring the Company’s compliance with the requirements of the law and the applicable reporting standards and/or standards for sustainable development selected by the Company, regular monitoring of such standards;
- Periodic analysis of compliance of the Company’s policies, practices and procedures in the area of sustainable development in terms of their compliance with the interests of shareholders and investors, strategy of the Company, needs of the business, regulatory requirements, preparation of recommendations for the Board of Directors and/or management of the Company concerning the improvement of such policies and procedures;
- Review of significant risks in sustainable development and plans to minimize any negative consequences of the indicated risks;
- Review of matters related to significant accidents and incidents for further analysis and implementation of measures to prevent such situations from happening again;
- Recommendations concerning the Company’s participation in social projects;
- Review of social projects and programs of the Company and provision of information thereon to investors, regulatory authorities, government representatives, the media and other communities; supporting the promotion of such projects;
- Recommendations concerning the preparation of the Company’s internal documents on sustainable development;
- Supervision of the preparation and publication of the sustainability report and the annual report of the Company in terms of sustainable development, provision of recommendations concerning the approval of the sustainability report;
- Participation in the process of independent auditor selection to verify the sustainability report and preparation of recommendations for the company concerning the engagement of such an auditor;
- Preparation of recommendations for the Board of Directors and management of the Company in relation to decisions on matters that are in the purview of the Committee;
- Regular review of management reports on health, safety and environmental protection, matters of ethical compliance and anti-corruption practices of the Company, staff- related issues and other matters pertaining to sustainable development.
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Investments and Development Committee
Investments and Development Committee
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 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
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Strategy Committee
Strategy Committee
The main responsibilities of the Committee include the following areas:
- Review of the overall strategy and functional strategies of the Company, as well as certain strategic plans, projects and initiatives
- Preparation of recommendations concerning the approval of certain Strategic Plans
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Paul James Ostling
Luc J. Maene
Daniel Wolfe
Dmitry Lobiak
Alexander Bazarov
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Paul James Ostling
Luc J. Maene
Daniel Wolfe |
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Luc J. Maene
Dmitry Osipov
Paul James Ostling
Dimitry Tatyanin
Igor Bulantsev |
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Luc J. Maene
Dmitry Osipov
Paul James Ostling
Igor Bulantsev
Dmitry Lobiak |
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Igor Bulantsev
Luc J. Maene
Paul James Ostling
Anton Vishanenko
Dimitry Tatyanin
Elena Papsheva
Alexander Bazarov |
Board Committees
The Board of Directors of PJSC Uralkali has established several committees for preliminary review of the most important issues and preparation of recommendations to the Board of Directors. When a member of the Board of Directors is appointed to serve on one of the Board’s Committees, his/her professional experience and independence are taken into account in compliance with the requirements of the current legislation. In accordance with the best international practices the Company places high importance on the recommendations of the Board’s Committees.
Appointments and Remuneration Committee
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:
- Recruitment of qualified executives.
- Development of incentive plans to facilitate implementation of strategic plans and ensure succession of governance.
Audit Committee
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 and internal control,
- External and internal audit,
- Corporate governance and legal compliance,
- Evaluation of candidates to the Company’s auditors,
- Evaluation of auditors’ reports.
Sustainable Development Committee
The main responsibilities of the Committee include the following areas:
- Participation in the development of a strategy of the Company in the area of sustainable development;
- Monitoring the Company’s compliance with the requirements of the law and the applicable reporting standards and/or standards for sustainable development selected by the Company, regular monitoring of such standards;
- Periodic analysis of compliance of the Company’s policies, practices and procedures in the area of sustainable development in terms of their compliance with the interests of shareholders and investors, strategy of the Company, needs of the business, regulatory requirements, preparation of recommendations for the Board of Directors and/or management of the Company concerning the improvement of such policies and procedures;
- Review of significant risks in sustainable development and plans to minimize any negative consequences of the indicated risks;
- Review of matters related to significant accidents and incidents for further analysis and implementation of measures to prevent such situations from happening again;
- Recommendations concerning the Company’s participation in social projects;
- Review of social projects and programs of the Company and provision of information thereon to investors, regulatory authorities, government representatives, the media and other communities; supporting the promotion of such projects;
- Recommendations concerning the preparation of the Company’s internal documents on sustainable development;
- Supervision of the preparation and publication of the sustainability report and the annual report of the Company in terms of sustainable development, provision of recommendations concerning the approval of the sustainability report;
- Participation in the process of independent auditor selection to verify the sustainability report and preparation of recommendations for the company concerning the engagement of such an auditor;
- Preparation of recommendations for the Board of Directors and management of the Company in relation to decisions on matters that are in the purview of the Committee;
- Regular review of management reports on health, safety and environmental protection, matters of ethical compliance and anti-corruption practices of the Company, staff- related issues and other matters pertaining to sustainable development.
Investments and Development Committee
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 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
Strategy Committee
The main responsibilities of the Committee include the following areas:
- Review of the overall strategy and functional strategies of the Company, as well as certain strategic plans, projects and initiatives
- Preparation of recommendations concerning the approval of certain Strategic Plans
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