Strategy
Committee Nomination and Compensation
Committee Audit
Committee
Committee Nomination and Compensation
Committee Audit
Committee
Areas of responsibility:
The Strategy Committee is responsible for reviewing management’s proposals, assessing associated risks and developing recommendations to support the Board’s decision-making in the following key areas:
- Defining the operating priorities of the company;
- Developing the company’s overall strategy, strategic plans for business segments, and strategies by functional area;
- Developing the company’s strategies and goals in target markets;
- Implementing major investment projects;
- 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 2017 Annual Report.
Areas of responsibility:
- Making recommendations to the Board of Directors regarding HR strategy, nominations and compensation, corporate governance and social policy;
- Ensuring senior management continuity and developing a succession pool and talent pipeline; designing and assessing programmes to develop managers;
- Ensuring compliance with industrial and environmental safety standards at our enterprises; monitoring our system of key performance indicators in this area;
- Assessing the compliance of our industrial safety system with regulatory and corporate requirements; assessing the efficiency of controls in this area;
- Analysing the causes and consequences of emergencies and development of recommendations on their prevention in future.
Members of the Committee:
For more details, see Nomination and Compensation Committee report from our 2017 Annual Report.
Areas of responsibility:
- Ensuring the completeness and accuracy of the published financial statements;
- Guiding the development of management reporting with regular review 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 the effectiveness of the external audit process;
- Assessing the effectiveness of internal control and risk management;
- Supervising the work of the Internal Audit Department (IAD), 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 2017 Annual Report.