The members of the Supervisory Board, a government body overseeing Russian diamond miner ALROSA, voted to elect Finance Minister Anton Siluanov as its Chairman. The company announced this in a press release received by Rough&Polished on Friday.
Yegor Borisov, Head of the Republic of Sakha (Yakutia), was elected First Deputy Chairman of the Supervisory Board. Alexander Galushka, Minister of the Russian Federation for the Development of the Far East retained his seat as a Deputy Chairman of the Supervisory Board.
The Supervisory Board established several Committees and elected their chairpersons. Sergey Ivanov, President of ALROSA was elected Chairman of the Strategic Planning Committee. Maria Gordon turned to be the Head of the Audit Committee. Valentina Lemesheva was elected Chairman of the Personnel and Remuneration Committee.
On June 30, 2017, the General Meeting of Shareholders of ALROSA elected a new team of the Supervisory Board of ALROSA. It included fifteen persons with four of them as independent members of the Supervisory Board.
The Supervisory Board of ALROSA carries out general management of the company's activities. It is the duty and competence of the Supervisory Board to ensure the company’s sustainable development and outline its strategy, as well as to monitor compliance with the corporate governance principles, including the protection of the interests pursued by all of its shareholders - regardless of the size of their stakes in the company - and the interests of its employees and partners, as well as timely and full disclosure of information and business transparency.