Auditing Commission

The Auditing Commission exercises control over the financial and business activities of PAO Sovcomflot, as well as its divisions and services.

The competence and operating procedures of the Auditing Commission are determined by the Regulations on the Auditing CommissionMore detailed information about these regulations can be found on the Company’s website in the Corporate governance section. approved by the PAO Sovcomflot General Meeting of Shareholders (Instructions No. 519-r of the Federal Agency for State Property Management dated 30 June 2016).

During the reporting period the Auditing Commission operated in the following compositions, which were elected by the Annual General Meeting of Shareholders on 26 June 2019 (Instructions No. 373-r of the Federal Agency for State Property Management dated 26 June 2019) and the Annual General Meeting of Shareholders on 4 August 2020 (Instructions No. 2197-r of the Federal Agency for State Property Management dated 4 August 2020), respectively.

Composition of the Auditing Commission of PAO Sovcomflot as at 31 December 2020
Mikhail Kuznetsov

Born in 1979
Education: higher

General Director of Topcompetence LLC, General Director of Corporate Development Centre LLC, Director of the Centre for Systemic Transformations of the Economics Department of Lomonosov Moscow State University.

Ivan Bezmenov

Born in 1980
Education: higher

Director of the Department for North Caucasian Federal District Territorial Planning, Russian Ministry of Economic Development

Nikita Kozhemyakin

Born in 1989
Education: higher

Head of Department, Federal Agency for State Property Management

Zakhary Dzhioev

Born in 1977
Education: higher

Deputy Head of the Federal Agency for Maritime and River Transport

Members of the Auditing Commission did not own shares in PAO Sovcomflot during the reporting period, nor made any transactions in Company shares.

In 2020, compensation was paid to members of the Auditing Commission other than state officials in accordance with the Regulations on the Payment of Compensation and the Reimbursement of Expenses to Members of the PAO Sovcomflot Auditing Commission approved by Instructions No. 519-r of the Federal Agency for State Property Management dated 30 June 2016 and on the basis of Instructions No. 297-r of the Federal Agency for State Property Management dated 4 August 2020.

Compensation paid to the Auditing Commission members in 2020 (‘000 RUB)
Indicator Amount
Compensation for participation in the body exercising control over the issuer’s financial and economic activity 374
Salary -
Bonuses -
Commissions -
Benefits -
Reimbursement of expenses -
Other types of compensation -
Total 374

All recommendations of the PAO Sovcomflot Internal Audit Commission based on the audit of financial and economic activities were implemented during the reporting period.