Committees

The primary role of the committees is to provide assistance to the board in preparing and adopting decisions in its respective functional areas, as well as to ensure that matters brought for consideration by the board of directors are scrutinized prior to the board meetings.

Remuneration Committee

Members

Heigo Kera
Committee Chairman, Chairman of the Board of Directors

Boris Volchek
Committee Member, Non-executive Director of the Board of Directors

Dmitriy Troitskiy
Committee Member, Non-executive Director of the Board of Directors

Ilya Ilin
Committee Member, Non-director, external consultant

Irina Nikiforova
Committee Member, Non-director, external consultant

The Committee’s remit includes:

• reviewing the compensation policy;
• advising on any benefit or incentive schemes;
• making proposals to the full Board of Directors regarding the remuneration of Executive Directors and management (including Chief Executive Officer).

Audit Committee

Members

Mikola Buinyckyi
Committee Chairman, Independent Director of the Board of Directors

Boris Volchek
Committee Member, Non-executive Director of the Board of Directors

Ilya Ilin
Committee Member, Non-director, external consultant

Heigo Kera
Committee member, Chairman of the Board of Directors

Dmitriy Korzhev
Committee Member, Non-executive Director of the Board of Directors

Irina Nikiforova
Committee Member, Non-director, external consultant

The Committee’s remit includes:

• reviewing the IFRS financial statements for integrity and transparency;
• analysing financial reporting processes, including carrying out regular reviews and making recommendations;
• recommending appointment and remuneration of the Company’s external auditor to the Board of Directors and maintaining an ongoing relationship with the external auditor;
• analysing and supporting the internal audit system and risk management procedures, including drafting of recommendations for their improvement.