Committees of the board of directors

Currently, the Board of Directors includes three (3) Committees:

  1. Audit Committee, acting on the basis of the Provision on the Audit Committee of PJSC “Russian Aquaculture”, approved by the resolution of the Board of Directors as amended on December 21, 2015 (Minutes No.173 dd. December 22, 2015); 
  2. Strategy Committee, acting on the basis of the Provision on the Strategy Committee of PJSC “Russian Aquaculture”, approved by the resolution of the Board of Directors on September 07, 2015 (Minutes No. 164 dd. September 08, 2015);
  3. Nomination and Remuneration Committee, acting on the basis of the Provision on the Nomination and Remuneration Committee, approved by the resolution of the Board of Directors of JSC “Russian Sea” Group on September 16, 2011 (Minutes No. 82 dd. December 16, 2011).

The functions of the Committees of the Board of Directors in PJSC “Russian Aquaculture” include decision-making on the issues within their competence, as well as detailed review of a number of key issues, before the Board of Directors passes their final resolution on them. The members of the Committees analyze the information provided by the management, determine its completeness and develop recommendations to the Board of Directors of the Company.

Audit Committee

The Audit Committee of PJSC “Russian Aquaculture” exercises control over financial activities of the Company, analyzes financial statements of the Company (including interim statements), provides recommendations to ensure that the Company strictly abides by the effective legislation of the Russian Federation.

The current Audit Committee of the Board of Directors consisting of 4 (four) members was elected on November 21, 2016 in the following composition:

Independent Director
Independent Director
Генеральный директор ООО «Си-Эф-Си Менеджмент»

Nomination and Remuneration Committee

The Nomination and Remuneration Committee of PJSC “Russian Aquaculture” is responsible for development and provision of recommendations to the Board of Directors concerning the most important issues relating to the corporate HR policy, definition of the policy and standards of the Company for selection of candidates to the governing bodies of the Company, as well as for recruitment of the most qualified professionals to manage subsidiaries and affiliates.

The current Nomination and Remuneration Committee of the Board of Directors consisting of 3 (three) members was elected on November 21, 2016 in the following composition:

Non-executive director, majority shareholder
Independent Director
Independent Director

Strategy Committee

The Strategy Committee of PJSC “Russian Aquaculture” develops recommendations for the Board of Directors concerning the determination of top-priority business areas for the Company and its development strategy; analysis of effectiveness of investment projects and their effect on creation of the shareholder value of the Company, as well as recommendations concerning development of activities that contribute to the long-term enhancement of the Company’s performance, expansion of its assets, profitability and investment attractiveness.

The current Strategy Committee of the Board of Directors of the Company consisting of 3 (three) members was elected on November 21, 2016 in the following composition:

Non-executive director, majority shareholder
Independent Director