The Board of Directors of Nornickel has supported the proposal of Interros to enhance the role of independent directors in the Board’s activities. Today’s meeting has resolved that the chairs of all Board committees shall be elected from among independent directors.

Denis Alexandrov has been elected the Chairman of the Strategy Committee.

Alexey Germanovich has become the Chairman of the Corporate Governance, Nomination and Remuneration Committee.

Egor Sheibak is now acting Chairman of the Budget Committee.

The Sustainable Development and Climate Change Committee and the Audit Committee are still chaired by independent directors Stanislav Luchitsky and Alexey Ivanov, respectively.

“This approach is in line with the high corporate governance standards traditionally pursued by Nornickel. The increased importance of independent directors will take our governance to a new level based on the Russian laws and international best practices,” said Andrey Bougrov, Chairman of the Board of Directors.

Nornickel’s Board of Directors enhances role of independent Directors