Committees under the Board of Directors
In order to provide for the efficient general governance of the Company by its Board of Directors, the following committees were established:
The committees have the status of collegial advisory bodies to the Board of Directors. Main tasks and functions of the Committees:
- Preliminary consideration of the issues within the competence of the Board of Directors or under investigation of the Board of Directors to oversee the activities of the Company’s executive bodies
- Development of necessary recommendations for the Board of Directors and executive bodies of the Company
- Consideration of other issues by order of the Board of Directors
The activities of each of the Committees are governed by respective RegulationsThe Regulations on the Board of Directors’ Committees of the Company are published on the Company’s website in the About the Company / Constitutive and Internal Documents section..
The personal compositions of the committees (with the exception of the Audit Committee and Strategy Committee) and their chairpersons are elected by the Board of Directors of the Company from candidates nominated by members of the Board of Directors, for a term until the first meeting of the new Board of Directors.
Members of Audit and Strategy Committees are elected for a term until the next election of the respective committee.
The work of the committees is aligned with the action plans created after considering the action plan of the Board of Directors, decisions made by the Board of Directors and committees, suggestions made by the committee members, and the General Director.
On 12 July 2024, the Board of Directors reviewed the Committees’ progress reports for the 2023–2024 corporate yearThe reports of Board Committees are published on the Company’s website in the About the Company / Management / Committees under the Board of Directorssection..
During the reporting year, 82 committee meetings were held and 148 issues were addressed; all issues subject to preliminary review by the committees of the Board of Directors were reviewed by them in a timely manner.
In the reporting year, members of the Committees carried out a self‑assessment of their performance for the 2023–2024 corporate year, rating their work and its organisation quite highly and confirming their compliance with the Committee Regulations.
| Sl. No. | Committees under the Board of Directors | Performance assessment, average score |
|---|---|---|
| 1 | Reliability Committee | 4.9 |
| 2 | Audit Committee | 5.0 |
| 3 | Strategy Committee | 4.8 |
| 4 | Personnel and Remuneration Committee | 4.9 |
| 5 | Grid Connection Committee | 4.8 |
There is a remuneration for the participation of committee members in committee meetings. The overall remuneration amount for the members of the Board Committees in 2024 amounted to RUB 2,993 thousand. The Company has no outstanding remuneration to the committee members.