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Committees of the Board of Directors

Committees of the Board of Directors serve as a tool for preliminary in-depth examination of issues in advance of their submission for consideration to the Board. Committee members are tasked with gaining a deep understanding of issues in order to offer the members of the Board of Directors a full range of available options when taking decisions.

In addition to members of the Board, the committees may involve external experts and advisors as well as senior MTS leaders. Currently, the MTS Board of Directors delegates specific authorities to six committees.

Audit Committee

The objective of the Committee is to assist the Board of Directors to monitor and control the Company’s financial and economic activities. The Committee is responsible for financial reporting, risk management and internal control, corporate governance system and compliance with applicable legislation and ethical standards.

Composition of the Committee:

  • Thomas Holtrop, Independent Director — Committee Chairperson
  • Nadia Shouraboura, Independent Director — Deputy Committee Chairperson
  • Regina von Flemming, Independent Director
  • Shaygan Kheradpir, Independent Director

Remuneration & Nomination Committee

The Committee assists the Board of Directors to formulate the Company’s HR policy, determine the remuneration system applicable to senior management, shape the strategy for corporate culture development.

Composition of the Committee:

  • Regina von Flemming, Independent Director — Committee Chairperson
  • Shaygan Kheradpir, Independent Director — Deputy Committee Chairperson
  • Thomas Holtrop, Independent Director
  • Valentin Yumashev, Independent Director

Committee on Corporate Governance and Environmental & Social Responsibility (ESG)

The ESG Committee leads the development of MTS's sustainability strategy as well as coordinates the Board's oversight across corporate governance, environmental initiatives, and corporate social responsibility. 

Composition of the Committee:

  • Regina von Flemming, Independent Director — Committee Chairperson
  • Valentin Yumashev, Independent Director — Deputy Committee Chairperson
  • Konstantin Ernst, Independent Director
  • Artem Zassoursky, Non-Executive Director
  • Alexey Barsegyan, VP for Corporate & Legal Affairs
  • Elena Kokhanovskaya, Director of External Communications & PR
  • Polina Ugryumova, Director of Investor Relations

Strategy Committee

The Committee is responsible for preparation of recommendations to the Board of Directors upon review of the Company’s strategic development and implementation of its investment projects and long-term investment programs.

Composition of the Committee:

  • Felix Evtushenkov, Chairman of the Board — Committee Chairperson
  • Alexey Katkov — Deputy Committee Chairperson
  • Regina von Flemming, Independent Director
  • Nadia Shouraboura, Independent Director
  • Artem Zassoursky, Non-Executive Director
  • Alexander Khanin, VP for Artificial Intelligence
  • Victor Klimovich
  • Mikhail Khanov
  • Yury Misnik

Special Project Committee for Co-locating Moscow-based Employees in a Unified Office Space

Composition of the Committee:

  • Thomas Holtrop, Independent Director – Committee Chairperson
  • Regina von Flemming, Independent Director
  • Valentin Yumashev, Independent Director

Special Committee on Compliance Matters

The Committee is established to assist the Board of Directors with compliance matters

Composition of the Committee:

  • Thomas Holtrop, Independent Director — Committee Chairperson
  • Regina von Flemming, Independent Director
  • Shaygan Kheradpir, Independent Director
  • Artem Zassoursky, Non-Executive Director
  • Alexey Barsegyan, VP for Corporate & Legal Affairs
  • Leida Lukianova, VP for Business Ethics & Compliance

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