Investor Presentaiton
Chief Executive
Officer
Control
and Audit
The Company's Chief Executive Officer is a sole executive body that is in charge
of the Company's current activities, successful achievement of its goals and development
strategy.
The Company's risk management and internal control system is targeted
at the Company's strategic objectives as well as gives a true and fair view of its current
state and prospects, integrity and transparency of its reporting, reasonableness
and acceptability of the risks taken.
Corporate governance
The CEO's remit is to consider day-to-day management
of the Company's operations, planning, human resources,
business strategy, legal, corporate and other matters
not reserved to the Board of Directors and the General
Meeting of Shareholders.
The Chief Executive Officer is accountable to the General
Meeting of Shareholders and the Board of Directors
and regularly reports on achieving KPIs, implementing
programmes and policies. The Company's CEO is guided
by Russian laws, the Company's Charter, regulations
and policies.
The system of remuneration for the Chief Executive
Officer is determined by the Board of Directors. It
consists of permanent and variable parts, the latter
depends on implementation of the KPI system
by the Chief Executive Officer. Key performance
indicators (KPIs) are financial and non-financial
indicators affecting quantitative or qualitative changes
in the Company's performance in relation to its strategic
objectives.
Chief Executive Officer
of PJSC Russian Aquaculture
Year of birth: 1978
Citizenship: Russia
Ilya
SOSNOV
Education. Ilya Sosnov graduated from the Faculty
of Economics of Lomonosov Moscow State University
(MSU) with a degree in economics.
Professional background. Mr Sosnov came to Russian
Aquaculture Group from SIBUR - Russian Tyres
Holding. Since 2011, he has served as Deputy CEO
for Operations and CFO of Russian Fishery Company.
In 2012-2013, he worked as a CFO at OJSC Russian Sea
Group (2012-2013). Since 2015, Ilya Sosnov has been
CEO at PJSC Russian Aquaculture and Russian Sea
Aquaculture LLC; since 2021 - head of LLC Golfstrim-
Invest and CEO of LLC Tri Ruchya.
Mr Sosnov is the Company's Chief Executive Officer since
2015. In 2021, the Board of Directors again reappointed
Ilya Sosnov for another three years by a solid vote.
Ownership of shares: Mr Sosnov held 1,607,481 shares
of PJSC Russian Aquaculture (1.8293% of the share
capital).
He holds no interest in the share capitals of any
subsidiaries or affiliates of the Company.
The Company aligns corporate governance with current
needs and best global and domestic practices,
and, therefore, demonstrates its intention to bring
the internal audit function in line with the evolving nature
of the Company, more complex and diversified operations.
Elements of the control system interact in a way that
makes it independent enough and thus effective, being
compliant with the world's best practice in this area.
Arranging the Risk Management and Internal Control System
GENERAL MEETING OF SHAREHOLDERS
Board of Directors
Auditing Commission
Independent Auditor
Election
Accountability
Reporting line
Performance assessment
Reports/recommendations
Audit Committee
of the Board of Directors
Internal Audit Service
1 As at 31 December 2021.
54
PJSC Russian Aquaculture | Annual Report 2021
www.russaquaculture.ru/en/
55View entire presentation