Committees

Management Board currently has the following committees:

Budget and Investment Committee

The main purpose of the Budget and Investment Committee is to enhance Rostelecom effectiveness in making budget and investment decisions required for the implementation of business plans, strategies and development programs, and financial, business and tariff policies. The main functions of the Budget and Investment Committee include maintaining a correlation and consistency between the budgeting and investment processes, control over compliance with those processes and preparation of proposals for the Management Board on the foregoing matters.

Compensation Committee

The purpose of the Compensation Committee is to create an effective compensation system designed to manage human resources so as to enhance Rostelecom competitiveness. The main function of the Compensation Committee is to maintain a correlation between the overall strategy and policies related to the payment of salaries and bonuses to the employees.

Risk Management Committee

The main purpose of the Risk Management Committee is to coordinate the development of risk management system in the Company and ensure efficient risk management at all layers aimed at making balanced business decisions.

Charity Committee

The main purpose of the Charity Committee is to consider our participation in various charity initiatives and socially important projects.