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 2019 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; 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 accidents and developing recommendations on their future prevention
Members of the Committee:
- Andrey Melnichenko – Chairman of the Committee
- Samir Brikho
- Vladimir Hlavinka
For more details, see Nomination and Compensation Committee report from our 2019 Annual Report .
Areas of responsibility:
- Ensuring the completeness and accuracy of the published financial statements
- Guiding the development of management reporting with regular reviews of performance reports
- Overseeing the implementation of budget and 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 the internal control and risk management processes
- Supervising the work of the Internal Audit Service, including quarterly analysis of audit findings and annual analysis of audit effectiveness and follow-ups
Members of the Committee:
- Michael Baumgärtner – Chairman of the Committee
- Juerg Seiler
For more details, see Audit Committee report from our 2019 Annual Report.