Investor Presentaiton
En+
GROUP
En+ Group Annual Report 2021
STRATEGIC REPORT
CORPORATE GOVERNANCE
FINANCIAL STATEMENTS
APPENDICES
CORPORATE GOVERNANCE
Board's focus during the year
STRATEGY AND RISK
16 December 2021
The Board considered an update
on health and safety matters
The Board considered an update
on COVID-19
The Board approved the Company's
Business Plan for 2022
19 November 2021
• The Board considered an update
on health and safety matters
⚫ The Board considered an update
on COVID-19
17 September 2021
The Board approved the Company's
Pathway to Net Zero Report
SUCCESSION AND LEADERSHIP
15 December 2021
The Board elected Olga Filina
as a member of the Board
• The Board elected its committees
3 June 2021
The Board updated the composition
and appointed the chairpersons of all its
committees
18 August 2021
The Board considered
an update on health
and safety matters
The Board considered
an update on COVID-19
19 July 2021
The Board approved
the Company's Sustainability
Report for 2020
26 May 2021
The Board considered.
•
an update on health
and safety matters
. The Board considered
an update on COVID-19.
26 May 2021
18 May 2021
The Board considered
the Company's climate change
ambition (in the form of the Spin-
Off Action Plan)
21 April 2021
The Board preliminarily approved
the Company's Annual Report 2020
24 March 2021
The Board considered an update
on health and safety matters
The Board considered an update
on COVID-19
15 January 2021
The Board approved the Company's
climate change ambition
The Board re-appointed Lord Barker
as a chairperson of the Board
24 March 2021
The Board approved the results
of the assessment of the CEO KPI achievement
for 2020
CORPORATE GOVERNANCE
23 December 2021
The Board approved the Supplier Standards,
the Biodiversity Policy, the Quality Policy,
the Diversity and Equal Opportunities Policy,
the Regulations on the Information Policy,
the Regulations on Inside Information.
29 October 2021
The Board approved the general levels of D&O
liability insurance
24 March 2021
The Board approved the assessment of
achievement of annual KPIs for the CEO for 2021
FINANCIAL PERFORMANCE
18 August 2021
The Board approved the consolidated interim
condensed financial information for the 6
months ended 30 June 2021
21 April 2021
The Board preliminarily approved
the Company's annual accounting (financial)
statements for the 2020 reporting year
24 March 2021
The Board approved the consolidated financial
statements for the year ended 31 December
2020 and the separate financial statements
for the year ended 31 December 2020
DIRECTORS'
AND OFFICERS'
INSURANCE
The liability of members
of the Board of Directors
related to execution of their
duties at the Company
is insured under a D&O
liability insurance policy,
which is renewed annually
and represents insurance
against any in-scope
losses of the Directors.
BOARD RESPONSIBILITIES
The matters specifically reserved
for the Board under the Charter
include, inter alia, the following:
The determination of the priority
areas for the Company's activities
⚫ The approval of the Company's long-
term strategy and objectives and its
overall management mechanism
⚫ The day-to-day control
over implementation of the Company's
long-term strategy and objectives
The approval of consolidated
annual budgets and material
amendments made thereto
Control over the Company's core
business and regular evaluation
of its business in the context
of the Company's long-term strategy
and objectives and discharge
of obligations contemplated
by law and the Charter
The convening of annual
and extraordinary general
meetings of shareholders
The establishment and termination
of committees, commissions,
councils and other structural units
of the Board, approval of their
personal composition and regulations
governing their operations
The approval of internal documents
of the Company (or making
amendments or additions thereto)
on the issues of environmental
protection, insurance and risk
management of the Company
The approval of the Company's
dividend policy
The approval of certain transactions
with a value exceeding USD 75 million
The approval of share incentive
plans and schemes provided
to employees, as well as annual Key
Performance Indicators for the CEO
The approval of the Company's
auditors (for the audit of financial
statements in accordance
with IFRS, or other internationally
recognised rules other than IFRS)
The approval of the register
holder of the Company
The appointment of the sole executive
body (the CEO) of the Company
The Board has taken steps to ensure
that the members of the Board
(in particular, the non-executive
directors) develop an understanding
of the major shareholders' views
about the Company. The directors,
including the Chairman, have direct
face-to-face contact with shareholders
at regular investor meetings.
Training and professional
development of the Board
members
Newly elected directors complete
an induction training programme
upon their appointment.
The key elements of the programme
include, inter alia:
Personal meetings, in person
or electronically, with the CEO,
the Chairman of the Board,
the Corporate Secretary,
management team, and/or heads
of corporate business units
Familiarisation with operations,
including on-site visits to the Group's
production facilities with briefings
on operational and managerial issues
and meetings with local management
Provision of Board information
packages, including internal reporting
documents for previous periods
Provision of internal documents
and Q&As with the management team
Presence, as invitees, at meetings
of all Board committees
Mandatory training, including
by external advisors, on matters relating
to insider trading, regulatory disclosure
and compliance with sanctions
The Corporate Secretary runs
the induction training programme
for newly elected directors
of the Company, and coordinates all
involved parties with the assistance
of the Corporate Governance Committee
and the Nominations Committee.
As part of its Board training
and professional development efforts,
the Board also regularly conducts
training sessions for Board members
on various matters, often led by external
advisors. In 2021, due to COVID-19
pandemic all planned training sessions
were postponed until 2022.
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