The Board of Directors has four committees:
the Audit Committee;
the HR and Remuneration Committee;
the Strategy Committee;
the Capital Markets Committee.
The Committees are formed from among the members of the Board of Directors, who are elected based on their relevant professional experience and knowledge. When electing members of the Committees (including the chairmen of the Committees), the following aspects must be taken into consideration: the education and professional training of the candidates, their work experience within the Committee’s area of activity, their document handling skills, as well as other necessary proficiencies and experience.
The Regulations on the Committees of the Board of Directors of PJSC Magnit regulates the composition and activities of the Committees.
Documents
The Committees constantly cooperate with management in order to increase the efficiency of interaction between the executive bodies of the Company and the Board of Directors.
Committee composition
Charles Ryan 
Independent Non-Executive Director
Chairman
Naira Adamyan
Independent Non-Executive Director
Pierre-Laurent Wetli
Independent Non-Executive Director
Alexander Vinokurov
Non-Executive Director
Timothy Demchenko
Non-Executive Director
Jan Dunning
Executive Director
Sergey Zakharov
Non-Executive Director
Walter Koch
Independent Non-Executive Director
Chairman
Alexey Makhnev
Non-Executive Director
Vsevolod Rozanov
Independent Non-Executive Director
Chairman
James Simmons
Independent Non-Executive Director
Chairman
Chairman of the Board of Directors
Member
Audit Committee
Key functions:
verification and monitoring of financial statements’ integrity;
verification of the internal control and risk management systems;
monitoring the effectiveness of internal audits;
monitoring relations with the external auditor.
Members: Vsevolod Rozanov (Chairman), James Simmons, Pierre-Laurent Wetli
HR and Remuneration Committee
Key functions:
development and monitoring of the remuneration policy (including long- and short-term incentives);
endorsement and monitoring of senior management appointments (CEO-1/CEO-2 levels);
development of the talent management strategy;
annual evaluation of the Board of Directors and management performance.
Members: James Simmons (Chairman), Naira Adamyan, Walter Koch
Strategy Committee
Key functions:
strategic and investment planning;
identification of priority focus areas;
endorsement and verification of the business plan and budget.
Members: Vsevolod Rozanov, James Simmons, Naira Adamyan, Pierre-Laurent Wetli, Walter Koch (Chairman)
Capital Markets Committee
Key functions:
development and strengthening of corporate governance systems;
preparation, development and introduction of IR strategies;
evaluation of the dividend policy and recommendations for the Board of Directors.
Members: Vsevolod Rozanov, Walter Koch, Charles Ryan (Chairman)