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INVESTORS / THE
BOARD COMMITTEES
THE BOARD COMMITTEES
Audit Committee
The primary duties of the Audit Committee are to assist the Board in providing
an independent view of the effectiveness of the Company’s financial reporting
process, internal control and risk management systems, to oversee the audit
process and to perform other duties and responsibilities as are assigned to the
audit committee by the Board.
The members are as follows: three independent non-executive Directors, Dr
Nigel Kenny (Chairman), Mr. Philip Lader, Ms. Elsie Leung, and two
non-executive Directors, Mr. Alexander Popov and Mr. Dimitry Razumov.
Audit Committee Terms of Reference Ñorporate
Ñorporate Governance and Nomination committee
The primary functions of this committee are to develop, recommend and annually
review corporate governance guidelines for the Company and its consolidated
subsidiaries, to oversee corporate governance matters and to make
recommendations to the Board in relation to the appointment and removal of
Directors.
The members are as follows: three independent non-executive Directors,
Mr. Philip Lader (Chairman), Dr Nigel Kenny and Mr. Barry Cheung, one
non-executive Director, Mr. Ivan Glasenberg, and one executive Director, Mr.
Vladislav Soloviev.
Governance and Nomination Committee Terms of
Reference
Remuneration Committee
The primary function of the remuneration committee is to make recommendations to
the Board on the remuneration package of the Directors and senior management,
and to evaluate and make recommendations on employee benefit arrangements.
The members are as follows: three independent non-executive Directors,
Mr. Philip Lader (Chairman), Dr Nigel Kenny and Mr. Barry Cheung, one
non-executive Director, Mr. Len Blavatnik, and one executive Director, Mr.
Vladislav Soloviev.
Remuneration Committee Terms of Reference
Marketing Committee
The main functions of the committee are to review and approve UC RUSAL’s
marketing strategy, to recommend the appointment of marketing directors for
aluminium and alumina, and to recommend to the CEO of UC RUSAL the removal of
marketing directors.
The members are as follows: one executive Director, Mr. Vladislav
Soloviev (Chairman) and two non-directors, Mr. V. Kremer and Mr. G. Fegel.
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