Supervisory Board in 2015

In 2015, the Supervisory Board held 15 meetings, where 190 agenda issues were considered.

Information on Supervisory Board members’ attendance at meetings of the Supervisory Board

The Board held 15 meetings from 1 January 2015 through 31 December 2015 (including five in-person meetings).

Four meetings were held before, and 11 meetings after the date of the AGM, i.e. 28 April 2015.

Information on Supervisory Board members attendance at meetings of the committees

From 1 January 2015 through 31 December 2015:

• The Strategic Planning Committee held seven meetings in total, three meetings were held before, and four meetings after the date of AGM, i.e. 28 April 2015.

  Name	Number of meeting attended	Participation rate, %
  Beattie, Nicola Jane, Chairwoman	7	100
  Wang Yuan	6	85.71
  Glodek, Sean	6	85.71
  Golikov, Andrey Fedorovich	7	100
  Denisov, Yuriy Olegovich	6	85.71
  Riess, Rainer	6	85.71
  Afanasiev, Alexander Konstantinovich (a member of the Committee until 28 April 2015)	3	100

• The Audit Committee held seven meetings in total, four meetings were held before, and three meetings after the date of the AGM, i.e. 28 April 2015.

  Name	Number of meetings attended	Participation rate, %
  Riess, Rainer, the Chairman	7	100
  Bratanov, Mikhail Valeryevich	7	100
  Wang Yuan	5	71.43
  Beattie, Nicola Jane (a member of the Committee until 28 April 2015)	2	50
  Denisov, Yuriy Olegovich (a member of the Committee until 28 April 2015)	4	100
  Shershun, Kirill Yevgenyevich (a member of the Committee until 28 April 2015)	4	100

• The Nomination and Remuneration Committee held thirteen meetings in total, six meetings were held before, and seven meetings after the date of the AGM, i.e. 28 April 2015.

  Name	Number of meetings attended	Participation rate, %
  Golikov, Andrey Fedorovich, the Chairman	13	100
  Bratanov, Mikhail Valeryevich	12	92.31
  Zlatkis, Bella Ilyinichna	10	76.92
  Sharonov, Andrey Vladimirovich (a member of the Committee from 28 April 2015)	7	100
  Glodek, Sean (a member of the Committee until 28 April 2015)	5	83.33
  Denisov, Yuriy Olegovich (a member of the Committee until 28 April 2015)	3	50
  Kudrin, Alexey Leonidovich (a member of the Committee until 28 April 2015)	3	50

• The Budget Committee held eight meetings in total, three meetings were held before, and five meetings after the date of the AGM, i.e. 28 April 2015.

  Name	Number of meetings attended	Participation rate, %
  Bratanov, Mikhail Valeryevich, Chairman	8	100
  Glodek, Sean	4	50
  Golikov, Andrey Fedorovich	8	100
  Goreglyad, Valeriy Pavlovich (a member of the Committee from 28 April 2015)	4	80
  Kozlov, Sergey Alexandrovich (a member of the Committee till 28 April 2015)	3	100
  Shershun, Kirill Yevgenyevich (a member of the Committee till 28 April 2015)	2	66.67

• The Technical Policy Committee held four meetings in total, two meetings were held before, and two meetings after the date of the AGM, i.e. 28 April 2015.

  Name	Number of meetings attended	Participation rate (%)
  Karachinsky, Anatoly Mikhailovich, Chairman	4	100
  Bratanov, Mikhail Valeryevich (a member of the Committee from 8 July 2015)	2	100
  Golikov, Andrey Fedorovich (a member of the Committee from 8 July 2015)	2	100

• The Risk Management Committee held five meetings in total, one meeting was held before, and four meetings after the date of the AGM, i.e. 28 April 2015.

  Name	Number of meetings attended	Participation rate (%)
  Denisov, Yuriy Olegovich, Chairman	5	100
  Goreglyad, Valeriy Pavlovich	4	80
  Riess, Rainer	4	80
  Bratanov, Mikhail Valeryevich (a member of the Committee until 28 April 2015)	1	100
  Kozlov, Sergey Alexandrovich (a member of the Committee until 28 April 2015)	1	100

Many issues on the agenda of Supervisory Board meetings were first considered by the appropriate committees for a more detailed discussion and to give the Supervisory Board recommendations regarding the voting.

Key issues that the Supervisory Board discussed in 2015:

Strategy:

• Payment of interim dividends;
• Approval of the new Corporate Values of Moscow Exchange Group;
• Approval of Moscow Exchange Group’s new strategy for 2015-2020;
• Withdrawal of Moscow Exchange’s assets from Ukraine;
• Measures to increase liquidity in the Bonds Market;
• Moscow Exchange’s membership in the Financial Markets Association;
• Membership in the Analytical Credit Rating Agency;
• The consolidated budget for 2016;
• Implementation of the New Data Centre project.

Fundamental company documents:

• Approval of the Corporate Governance Code;
• Approval of Moscow Exchange’s Information Policy.

Corporate governance:

• Senior independent director;
• Succession planning for members of Moscow Exchange’s executive bodies and of the sole executive bodies of the key companies of Moscow Exchange Group;
• New principles for the formation of the Moscow Exchange Council and for the election of members of the Moscow Exchange Council in line with such principles;

Risk management:

• The expediency of a separate central counterparty for the clearing of OTC derivatives;
• Approval of the Business Continuity Policy;
• Moscow Exchange’s membership in the Guarantee Fund established by NCC Clearing Bank.