Committees under the Board of Directors

There are four committees acting under the Board of Directors “CAEPCO” JSC as of January 1, 2019:

  • Audit Committee (established on February 25, 2010);
  • Technical Committee (established on March 6, 2012);
  • Strategic Committee (established on November 28, 2012);
  • Personnel, remuneration and social affairs Committee (established on March 13, 2013).

The Audit Committee is a permanent working body of the Board of Directors. It assists the Board in the effective execution of its regulatory and supervisory functions, improvement and strengthening of the internal audit and risk management systems. The Committee shall inform the Board of Directors on any issues requiring action on their part.

The Technical Committee is a permanent working body of the Board of Directors ensuring actual participation of its members in the execution of timely and effective control in accomplishing investment projects within the Company.

The Strategic Committee is a permanent working body of the Board of Directors established to improve the efficiency of corporate management, project implementation and control over the strategy execution of the Company. This Committee also assists the Board of Directors in perfecting the planning and development mechanisms within the Company.

The Personnel, remuneration and social affairs Committee is a permanent working body of the Board of Directors established to develop and implement a unified personnel policy for the Company and its subsidiaries, elect or appoint candidates for the head and members of the executive body of the Company and its subsidiaries, Department of Internal Audit and Risk Management Department directors, Corporate Secretary, and other bodies and subsidiaries, as well as form an effective system of corporate governance and the implement its principles.