Committees of the Board of Directors

Committees of the Board of Directors are consultative and advisory bodies of the Board of Directors of the Company.

Four Committees of the Board of Directors function under the Board of Directors to improve the efficiency of decisions made by the Board of Directors, to provide a more detailed preliminary review of the most important issues and to prepare relevant recommendations:

  • Audit Committee
  • Personnel and Remuneration Committee
  • Strategy Committee
  • Investment Committee

The Committees are fully accountable to the Board of Directors of the Company.

The Committees are composed of Board members and persons proposed by Board members whose skills and experience are necessary for the work of the Committees.

The key task of each Committee is to preview the most important issues within the remit of the Company’s Board of Directors and to develop recommendations to guide the Board of Directors in making decisions on relevant issues.

Board of Directors


Audit Committee


  • Financial statements
  • External and internal audit and selection of auditors
  • Audit reports and findings
  • Internal control
  • Risks
  • Anti‑fraud action

Personnel and Remuneration Committee


  • Appointments and approvals
  • KPI and top management remuneration
  • Succession and long‑term motivation
  • Employee relations
  • Assessment of the Board of Directors

Strategy Committee


  • Strategy and Long‑Term Development Programme
  • Business plan
  • Dividend and credit policy
  • Reports for specific areas
  • Subsidiary management issues
  • Transactions

Investment Сommittee


  • Approval and monitoring of the Investment Programme and individual projects
  • Innovation matters
  • Grid connection

Independent experts of the Company (in particular, experts of the Strategy Committee of the Board of Directors of the Company) can take part in the work of the Committees if necessary and in order to access specialist expertise.