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Audit Committee

The main objective of the Audit Committee is to support the efficient operation of the Board of Directors through a preliminary review of matters related to the financial and economic supervision of the Company. The main functions of the Audit Committee are:

Monitoring completeness, accuracy and reliability of the Company’s financial statements.
Monitoring the reliability and efficiency of the risk management and internal audit systems; and corporate governance.
Maintaining the independence and neutrality of internal and external audits.
Monitoring the whistleblowing system efficiency used to report potential fraudulent actions by the Company’s employees (including insider or confidential information misuse) and third parties, as well as other violations detected in the Company; the monitoring measures adopted by the executive management of the Company within this system.

Members of the Committee:

Evgeny Reznik (Chairman)
Viktor Yun
Valeriy Kondratyev

Nomination and Remuneration Committee

The Nomination and Remuneration Committee was created to improve the operation efficiency and quality of the Board of Directors through preliminary review and advising the Board on establishing effective and transparent compensation practices, and human resources planning (succession planning) in the Company.

The Committee is set up on a permanent basis by the Board of Directors and is an advisory body that supports the effective overall management by the Board of Directors and Executive bodies of the Company. The Committee is not a body of the Company and may not act on its behalf. Decisions of the Committee are advisory to the Board of Directors.

Members of the Committee:

Valeriy Kondratyev (Chairman)
Viktor Yun
Evgeny Reznik

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Committees

Audit Committee

Nomination and Remuneration Committee