Sitronics :: Board Committees

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	Board Committees
Corporate Governance Board of Directors Management Documents Board Committees Capital Structure History Strategy	According to the Charter of SITRONICS shareholders' interests are supervised by three committees. Audit Committee The Audit Committee is currently comprised of three members: Nikolai Mikhailov, Igor Busarov and Vladimir Uvakin. Mr. Mikhailov serves as Chairman of the Committee. The primary function of the Audit Committee is to provide objective information to and advise the Board of Directors regarding the: • completeness and authenticity of our financial reports; • reliability and effectiveness of the Company’s internal control system. Budget Committee The Budget Committee is currently comprised of three members: Igor Busarov, Dmitry Ivanov and Olga Shurygina, Head of Financial Department of Sistema. Mr. Busarov serves as Chairman of the Committee. The primary functions of the Budget Committee include: • undertaking a preliminary review of budgets, business plans, and company investment plans, as well as making recommendations to our Board of Directors on such issues; • supervising the process of developing and executing budgets and business plans; and • ensuring prompt decision making on key issues related to the development and execution of budgets and business plans. Committee on strategy, mergers and aquisitions Committee on strategy, mergers and aquisitions is a collective advisory body under the Board of Directors Sitronics. It's main purpose is to assist to the Board of Directors in identifying strategic goals and developping the main directions of Sitronics performance and providing with recommendations on mergers and acquisitions. The Committee is currently comprised of seven members: Anton Abugov, Sergey Aslanian, Anton Kudryavtsev, Alexander Lutsenko, Olesya Peskova, Olga Popova, Alexander Tretiakov, Evgeny Utkin. Mr. Abugov is a Chairman of the Committee.

Board Committees

Corporate Governance Board of Directors Management Documents Board Committees Capital Structure History Strategy

According to the Charter of SITRONICS shareholders' interests are supervised by three committees.

Audit Committee

The Audit Committee is currently comprised of three members: Nikolai Mikhailov, Igor Busarov and Vladimir Uvakin. Mr. Mikhailov serves as Chairman of the Committee. The primary function of the Audit Committee is to provide objective information to and advise the Board of Directors regarding the:
• completeness and authenticity of our financial reports;
• reliability and effectiveness of the Company’s internal control system.

Budget Committee

The Budget Committee is currently comprised of three members: Igor Busarov, Dmitry Ivanov and Olga Shurygina, Head of Financial Department of Sistema. Mr. Busarov serves as Chairman of the Committee. The primary functions of the Budget Committee include:
• undertaking a preliminary review of budgets, business plans, and company investment plans, as well as making recommendations to our Board of Directors on such issues;
• supervising the process of developing and executing budgets and business plans; and
• ensuring prompt decision making on key issues related to the development and execution of budgets and business plans.

Committee on strategy, mergers and aquisitions

Committee on strategy, mergers and aquisitions is a collective advisory body under the Board of Directors Sitronics. It's main purpose is to assist to the Board of Directors in identifying strategic goals and developping the main directions of Sitronics performance and providing with recommendations on mergers and acquisitions. The Committee is currently comprised of seven members: Anton Abugov, Sergey Aslanian, Anton Kudryavtsev, Alexander Lutsenko, Olesya Peskova, Olga Popova, Alexander Tretiakov, Evgeny Utkin. Mr. Abugov is a Chairman of the Committee.

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