The Board has established committees at Board level to oversee different aspects of the Group’s business and to monitor, review and make recommendations to the Board. These committees are currently: the Audit Committee, the Remuneration Committee, the Nominations Committee and the Safety, Sustainability and Workforce Committee.

The operation of each of these committees is within their respective Terms of Reference, which are available here.

Audit Committee

  • Reviews Audit Report on the interim review and full-year audit
  • Reviews the appropriateness of accounting standards
  • Oversees relationships with internal and external auditors
  • Oversees the external audit process
  • Reviews financial risks
  • Reviews internal audit plans

Members: Charlotte Philipps*, Mikhail Irzhevsky, Roman Deniskin

Remuneration Committee

  • Determines and agrees with the Board the format and broad policy for the remuneration of the Company Chairman, Executive Directors, members of the Executive Committee and the Company Secretary
  • Reviews the on-going appropriateness of the policy
  • Ensures that the Company maintains contact with shareholders regarding the Company’s remuneration policy
  • Receives and considers details of workforce remuneration

Members: Charlotte Philipps*, Mikhail Irzhevsky, Roman Deniskin

Nominations Committee

  • Reviews the structure, size and composition of the Board and its Committees and makes recommendations to the Board as appropriate
  • Considers succession planning issues for Directors and senior executives
  • Evaluates the skills and experience of the Board before any appointment is made to the Board

Members: James W Cameron Jr*, Charlotte Philipps, Mikhail Irzhevsky, Evgeny Potapov

Safety, Sustainability and Workforce Committee

  • Reviews the Group’s health, safety, environmental and community relations (“Sustainability”) strategy
  • Evaluates the effectiveness of the Group’s policies and systems for managing Sustainability issues and risks
  • Assesses the performance of the Group with regards to the impact of Sustainability decisions and actions
  • Seeks active engagement with the Group’s workforce on behalf of the Board

Members: Mikhail Irzhevsky*, James W Cameron Jr, Charlotte Philipps, Evgeny Potapov, Denis Alexandrov

* chairperson