Investor Presentaiton
Corporate governance
Auditing Commission
The Auditing Commission is a permanent elected
body that provides internal control of the Company, its
separate units, subsidiaries and management officers.
It conducts documentary and factual audits
of financial transactions. The Auditing Commission
acts for the benefit of the Company's shareholders
and reports to the General Meeting of Shareholders,
being independent from other governing bodies.
Audit of financial and business activities is based
on the Company's performance for the year and may
be initiated at any time by the Auditing Commission,
General Meeting of Shareholders, Board of Directors
or requested by a shareholder (shareholders) owning
not less than 10% of the Company's voting shares
in aggregate.
Functions of the Auditing Commission:
supervising financial and business activities;
conducting an independent assessment
of the data accuracy in the Company's annual report
and accounting statements.
The Auditing Commission was elected on 30 June
2021 by the Annual General Meeting of Shareholders
.
of PJSC Russian Aquaculture' as follows:
Mariya Galkova;
•
Natalya Grigoryeva;
Mariya Klimova.
The Auditing Commission is guided by:
Russian laws;
• Charter of the Company;
Regulation on the Auditing Commission
of PJSC Russian Aquaculture (approved
by the Extraordinary General Meeting of Shareholders
on 5 October 2018, Minutes No. 56 dated 10 October
2018);
• other internal documents approved by the General
Meeting of Shareholders.
Mariya
GALKOVA
Year of birth: 1984
Citizenship: Russia
Education. Mariya Galkova graduated from the Moscow
Aviation Institute (State Technical University)
with a degree in business management.
At the time of election to the Auditing Commission,
she was the Chief Accountant at CFC Management LLC.
Natalya
GRIGORYEVA
Year of birth: 1983
Citizenship: Russia
Education. Natalya Grigoryeva graduated
from the National Research University Higher School
of Economics with a degree in economics.
At the time of election to the Auditing Commission,
she was Financial Advisor to Chief Executive Officer
at LLC Nekrasovka-Invest.
Mariya
KLIMOVA
Year of birth: 1980
Citizenship: Russia
Education. Mariya Klimova graduated from the National
Research University Higher School of Economics
with a degree in banking and finance.
At the time of election to the Auditing Commission,
she was the Investment Manager at CFC
Management LLC.
Report of the Auditing Commission
In May 2021, the Company's financial and business
activities for 2020 were audited. The Auditing
Commission identified no serious violations
of the established accounting and reporting
procedures that could materially affect the reliability
of the accounting statements.
Additionally, the Auditing Commission noted that
the Company further proceeded and vastly improved its
operating performance and financial position.
External Audit
For the annual audit of the accounting (financial)
statements of PJSC Russian Aquaculture under Russian
Accounting Standards (RAS) and consolidated
financial statements of the Russian Aquaculture Group
under International Financial Reporting Standards (IFRS),
the General Meeting of Shareholders approves audit
companies, based on the Board recommendations, that
have no proprietary interests in the Company and its
shareholders.
Joint Stock Company Deloitte & Touche CIS
was approved as the Auditor of the Company's
2021 consolidated financial statements (OGRN
1027700425444).
Deloitte & Touche CIS has been the Independent Auditor
of the Russian Aquaculture Group since 2011.
On 20 January 2022, the Extraordinary General Meeting
of Shareholders (Minutes No. 67 dated 20 January 2022)
first approved LLC Atlas Audit (OGRN: 5147746074251)
as the Company's auditor of the Company's 2021
accounting statements prepared under Russian
standards.
Furthermore, the Company operates and refines an internal
control and audit system. An internal auditor carries out
periodic control procedures and makes recommendations
for business processes and individual components
(elements) of internal control and accounting.
The Company's shareholders consider the Auditing
Commission's report on the financial and business activity
audit at PJSC Russian Aquaculture, as part of the materials
for the Annual General Meeting of Shareholders.
Selecting Independent Auditors
Auditors are reviewed by the Audit Committee
of the Company's Board of Directors. When selecting
candidates, the Audit Committee heeds the following:
compliance with requirements for independence
of audit organisations under Russian laws;
⚫ cost of audit services;
•
professional competence and reputation of an audit
firm;
• Russian legislation in relation to auditing
activities and other criteria as deemed necessary
by the Committee.
The Audit Committee of the Board
of Directors assessed the performance
of the external auditing in the reporting year
and recognised it as satisfactory.
Remuneration to independent auditors for 2021
Company
Deloitte & Touche CIS
LLC Atlas Audit
Remuneration (RUB, including VAT)
13,713,163.20
340,000
1 Minutes No. 64 dated 30 June 2021.
PJSC Russian Aquaculture | Annual Report 2021
www.russaquaculture.ru/en/
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