We strongly believe that maintaining high corporate governance standards is essential in creating sustainable shareholder value.
Since our original listing in 2007 and subsequent relisting on London’s Main Market, we have adhered to the highest standards of corporate governance. Under the leadership of a reputable, experienced and diverse Board, we have been able to achieve superior shareholder returns and create a Company where continuous improvement and strategic agility is deeply engrained in the corporate culture
The Board defines business strategy, assesses risks and monitors performance.
The Remuneration Committee is responsible for Group remuneration policy, and for setting pay levels and bonuses for senior management in line with individual performance. Ensures safety KPIs are included in remuneration package.
The Nomination Committee ensures a balance of skills, knowledge, independence, experience and diversity on the Board and its committees.
The Audit and Risk Committee helps the Board to monitor the integrity of the Group’s financial statements; reviews the effectiveness of the Group’s system of internal controls and risk management systems.
The Safety and Sustainability Committee monitors the Group’s social, ethical, environmental and safety performance, and oversees all sustainable development issues on behalf of the Board.
The Group CEO takes ultimate responsibility for delivering on strategy and operating performance.
The Technical Council agrees strategy and tactical implementation across the business.
The Chief Sustainability Officer coordinates sustainability initiatives and activities to ensure transparency and long-term value for investors and other stakeholders.
Human Resources
The Human Resources Director defines and monitors employment contracts and employee performance.
Communications
The Communications and PR Director is responsible for identifying and engaging with the majority of external stakeholders, including government and regional authorities, local communities and NGOs.
Environment
The Chief Operating Officer supported by our HSE department defines high-priority environmental issues and ensures full compliance.
Health and Safety
The Chief Operating Officer together with our HSE department sets targets and is responsible for performance in this area.
Operations
Our operating mines and development properties have heads of Operations, Human Resources, Environment and Health and Safety, who implement and monitor corporate systems, supported by specialist PR and engineering teams.
As a premium UK-listed company, Polymetal International is compliant with the UK Corporate Governance Code (the UK Code). As well as complying with the UK Code, the Company has complied with all applicable regulations of the Moscow Stock Exchange and Russian securities laws since its shares were admitted for secondary trading on the Moscow Exchange.