Committee Nomination and Compensation
Committee Audit
Committee
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.
Members of the Committee:
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.
Members of the Committee:
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.
Members of the Committee:
For more details, see Audit Committee report from our 2018 Annual Report.