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Committees

Audit Committee

The Audit Committee assists the Supervisory Board in maintaining the efficient operation of the Bank’s internal controls system, ensuring the preparation and submission of complete and accurate financial statements of the Bank, monitoring the compliance with Russian laws and the Bank’s internal regulations, and preserving the Bank’s assets. The Committee supervises: the Bank’s financial statements and accounting policies; the Bank’s internal controls system; internal and external audit.  

Matters reserved for the Committee include assessing nominations to the Bank’s auditors and preparing recommendations to the Supervisory Board to be approved by the annual General Shareholders’ Meeting; approving the auditor’s report; evaluating the effectiveness of the Bank’s internal controls and developing proposals to boost the effectiveness. 

Members of the Audit Committee: 

Risk Committee

The Risk Committee of the Supervisory Board evaluates Otkritie Financial Corporation Bank’s risk appetite, monitors key risk indicators and overall risk resilience, and adjusts risk management operations. The Committee keeps the Bank’s risk appetite under control by analysing and identifying risk tolerance for any given risk, reviewing credit and market exposure limits, and mapping the Group’s overall risk profile. 

Members of the Risk Committee: :

Nomination and Remuneration Committee

The Nomination and Remuneration Committee assists the Bank’s Supervisory Board in monitoring and controlling the remuneration system and evaluating its compliance with the Bank’s strategy, the nature and scope of its operations, its performance, and the level and combination of assumed risks. 

Members of the Nomination and Remuneration Committee: 

Strategy Committee

The key function of the Strategy Committee is to assist the Supervisory Board in designing the Bank’s development strategy. 

The Committee prepares proposals to define priority segments of the Bank’s business, evaluates the alignment of the Bank’s business plans with its strategic targets, reviews the Bank’s development options, drafts proposals regarding the Bank’s development strategy to be further reviewed and approved by the Supervisory Board, and follows up on the implementation of the Bank’s development strategy approved by the Supervisory Board. 

Members of the Nomination and Remuneration Committee: