On 6 March 2015, a meeting of the Supervisory Board of National Settlement Depository (NSD), Russia’s central securities depository, took place.
The Supervisory Board took the following decisions on the basis of the Moscow exchange’s proposals:
- to put an item of establishing the number of the Supervisory Board members in the agenda of the annual general meeting of shareholders (AGM) of 2015 in the following wording: “To establish a number of NSD Supervisory Board’s members as 15 persons for the period up to the 2016 AGM”;
- to include the following candidates to the Supervisory Board of NSD in the ballot for the company’s 2015 AGM:
- Alexander Afanasyev, Chairman of the Executive Board, Moscow Exchange;
- Sean Yan Glodek, Director, member of the Management Board, Russian Direct Investment Fund;
- Bella Zlatkis, Deputy Chairman of the Management Board, Sberbank of Russia;
- Paul James Ostling, Member of the Board of Directors, JSC Uralkali;
- Andrey Popov, Chief Information Officer (CIO), Member of the Management Board, Raiffeisen Bank;
- Oksana Strakhova, Head of Custody, Vnesheconombank;
- Nadezhda Ushakova, Senior Vice President, Head of Depository, JSC VTB Bank.
The Supervisory Board will nominate additional candidates in accordance with the shareholder agreement concluded by NSD and with the recommendations by the Nomination and Remuneration Committee elaborated in compliance with quotas provided by the shareholder agreement (on the basis of proposals submitted by minority shareholders and major customers).
In addition, the following candidates to the Audit Committee of NSD nominated by the Moscow Exchange were included in in the ballot for the 2015 AGM:
- Olga Gordienko, Chief Accountant, Moscow Exchange;
- Anna Ivenkova, Head of International Accounting Department, Moscow exchange;
- Vladimir Sukhachyov, Head of Internal Audit Service, Moscow Exchange.
The Supervisory Board took into consideration the H2 2014 report by the Internal Audit Department and the 2014 report by the Internal Control Department and approved these departments’ activities reports for 2015. The company’s internal control system was recognized as satisfactory and corresponding with the company’s performance, scale and terms of activities.
The Supervisory Board took into consideration the H2 2014 audit report by the Clearing Organization Controller and the H2 2014 activities report by the CSD Controller.