the committees have the following functions: - the audit committee provides the board of Directors with an independent assessment of the company’s financial statements and the effectiveness of its internal controls and risk management; it also oversees the audit process; - the corporate governance and nominations committee elaborates and annually updates recommendations on corporate governance; monitors adherence to corporate governance principles; and makes recommendations to the board on the appointment of directors and senior management of uc rusal; - the remuneration committee makes recommendations to the board on the remuneration of board members, members of the executive board, and the ceo; - the norilsk nickel committee reviews all issues regarding uc rusal’s investment in norilsk nickel and provides recommendations for voting at norilsk nickel board meetings.