PRINCIPLES FOR THE DETERMINATION
AND AMOUNT OF REMUNERATION PAID
TO MANAGEMENT AND CONTROL BODIES
According to the Regulation on Remuneration
and Compensation Paid to Members of the Board
of Directors of the Company (hereinafter referred
to as the "Regulation on Remuneration"), the total
amount of remuneration and compensation paid
to members of the Board of Directors and to members
of the Audit Commission is approved by the General
Meeting of Shareholders
For participation in the work of the Board of Directors and/or committees
of the Board of Directors, members of the Board of Directors are entitled
to the following types of remuneration.
Basic remuneration is paid for:
- participation in in-person meetings of the Board of Directors;
- participation in strategic or budget sessions;
- participation of a member of the Board of Directors at the request
of the Chairman of the Board of Directors, chairmen of the committees
of the Board of Directors or the CEO in meetings of thematic working
groups, meetings or discussions related to the activities of the Company
and its subsidiaries that are held at the Company’s office or elsewhere.
Compensation for performing additional duties is paid for:
- performing the duties of a member of a Board of Directors committee;
- performing the duties of the Chairman of a Board of Directors
committee;
- performing the duties of the Chairman of the Board of Directors.
Members of the Board of Directors who are residents of the Russian
Federation are paid remuneration in Russian rubles. Members of the Board
of Directors who are not residents of the Russian Federation are paid
remuneration in a foreign currency at the exchange rate of the Bank
of Russia on the date of payment.
In accordance with the Regulation on Remuneration, each member of the Board
of Directors may be reimbursed for the following expenses:
- actually incurred and documented transportation costs associated with
the travel of a member of the Board of Directors to the venue of a meeting
of the Board of Directors and/or a Board of Directors committee and back,
other transportation costs incurred in connection with travel associated
with the Board of Directors;
- living expenses of a member of the Board of Directors during meetings
of the Board of Directors and/or meetings of Board of Directors committees;
- expenses for meals for a member of the Board of Directors during meetings
of the Board of Directors and/or meetings of Board of Directors committees;
- miscellaneous expenses (payment for communications, fuel, meals and
entertainment expenses, etc.).
The maximum amount of compensation for expenses for members of the Board
of Directors is approved by the General Meeting of Shareholders upon
a proposal of the Board of Directors.
Based on a decision of the Annual General Meeting of Shareholders of June 26,
2019, and the Annual General Meeting of Shareholders of June 22, 2020,
the following amount of remuneration was determined to be paid to members
of the Board of Directors:
- Remuneration for members of the Board of Directors in a total amount not
exceeding
RUB 52,000,000
for the period from
July 2019
to
June 2020
and
not exceeding
RUB 52,000,000
for the period from
July 2020
to
June 2021
;
- Reimbursement of expenses incurred by members of the Board of Directors
as part of the performance of the functions of members of the Board
of Directors, in a total amount not exceeding
RUB 10,000,000
for the period
from
July 2019
to
June 2020
and not exceeding
RUB 10,000,000
for the period
from
July 2020
to
June 2021
.
In relation to the members of the Management Board, the authorized bodies
in the reporting year did not make decisions on the amount of remuneration
to be paid or on the amount of expenses subject to compensation. Individual
members of the Management Board receive remuneration as employees
of the Company who work for the Company and perform work duties not
related to the performance of their duties as members of the Management
Board. There are no other agreements regarding the amount of remuneration
to be paid or the amount of expenses subject to compensation.
Compensation paid in 2020,
RUB ths
Board of Directors
| Type of renumeration |
for 12 months ending on
December 31, 2020 |
| Remuneration for participation in the work of the executive
body |
32,798 |
| Wages |
0 |
| Performance bonuses |
0 |
| Fees |
0 |
| Other types of remuneration |
0 |
| Total |
32,798 |
Management Board
| Type of renumeration |
for 12 months ending on
December 31, 2020 |
| Remuneration for participation in the work of the executive
body |
0 |
| Wages |
771 |
| Performance bonuses |
0 |
| Fees |
0 |
| Other types of remuneration |
0 |
| Total |
771 |
Reimbursement
| Type of renumeration |
for 12 months ending on
December 31, 2020 |
| Board of Directors |
215 |
| Management Board |
0 |
