Committed to growth

Strategic Report
Nomination and Remuneration Committee
• Chairman – Manfred Wennemer (IND)
• Nikolay Pilipenko (NED)
Priorities for 2016
Remuneration and incentives
• Approve the incentive programs for key investment projects
• KPI-based incentive system for the sales, procurement, logistics
and financial control functions
• Update the remuneration system and the terms and conditions
of employment agreements with top management
• Review of achievements and approval of targets
Reorganization of the Company
• Reorganization of Quality Management Project processes,
including the fertilizers production process, oil and gas production
process, safety assurance process, HR process and HSE process
• Reorganization of mining and chemical feedstock production
• Review the results of:
– Procurement process reorganization
– Finance and economics management process reorganization
– IT process reorganization
• Integration of new economic model requirements and rules
for capital allocation across business processes
HR-related matters
• Review of HR budget for 2017
Planned improvements to corporate governance practices
• Succession planning
• Board’s performance assessment
• The Group’s Charitable and Social Contributions Policy
• Compliance monitoring and the Group’s social policy and incentive
system with regards to the situation in the labor market
Corporate Governance
Financial Statements
Manfred Wennemer
Chairman – Nomination and Remuneration Committee
“The coming year will see us update our remuneration system
and link incentives more closely to KPIs. A mix of stretching
targets and attractive rewards will help us drive performance
across the Group and help us retain our senior talent.”
EuroChem Annual Report and Accounts 2015 59