Board of Directors’ Report
Structure of the Board of Directors
The Board of Directors is elected by FPC’s annual General Shareholders Meeting in accordance with the Company’s Articles of Association, and is composed of nine members.
In February 2018, FPC’s extraordinary General Shareholders Meeting resolved on early termination of the mandates of all the directors and elected a new Board as follows: Pavel Burtsev, Vladimir Gaponko, Olga Gnedkova, Vera Evsegneeva, Sergey Zemlyansky, Petr Ivanov, Sergey Maltsev, Dmitry Pegov, and Alla Saltykova.
The mandates of the following directors were terminated: Maxim Shneider, Sergey Kust, and Irina Kostenets.
From 5 March to 29 June 2018, Dmitry Pegov acted as Chairman of the Board of Directors, and Vera Evsegneeva acted as Deputy Chairwoman of the Board of Directors.
In June 2018, the following directors were elected to FPC’s Board of Directors by the annual General Shareholders Meeting: Mikhail Beskhmelnitsyn, Vladimir Gaponko, Olga Gnedkova, Vera Evsegneeva, Sergey Zemlyansky, Petr Ivanov, Sergey Maltsev, Dmitry Pegov, and Alla Saltykova.
Pavel Burtsev’s mandate was terminated.
In July 2018, Dmitry Pegov was elected Chairman of the Board of Directors, and Vera Evsegneeva was elected Deputy Chairwoman of the Board by a unanimous vote of directors.
Members of the Board of Directors do not hold a stake in FPC’s share capital, do not own the Company’s ordinary shares, and were not engaged in any transactions to acquire, or dispose of, FPC shares in the reporting year.
No claims were filed in 2018 against members of the Board of Directors in relation to their performance of duties as directors.
FPC did not extend any loans to members of the Board of Directors.
Dmitry PEGOV
No conflicts of interest were identified at the Board level.
Members of the Board of Directors provided timely information to the Board about the circumstances that could potentially lead to a conflict of interest, including information about interests related to any given transaction.
To avoid potential conflicts of interest, members of the Board of Directors are guided by the Regulations on the Board of Directors of JSC FPC and do not vote on transactions in which they have an interest.
| From 1 January to 15 February | From 15 February to 29 June | From 29 June to 31 December |
|---|---|---|
| Dmitry Pegov | Dmitry Pegov | Dmitry Pegov |
| Olga Gnedkova | Olga Gnedkova | Olga Gnedkova |
| Sergey Maltsev | Sergey Maltsev | Sergey Maltsev |
| Petr Ivanov | Petr Ivanov | Petr Ivanov |
| Sergey Zemlyansky | Sergey Zemlyansky | Sergey Zemlyansky |
| Alla Saltykova | Alla Saltykova | Alla Saltykova |
| Maxim Shneider | Vera Evsegneeva | Vera Evsegneeva |
| Sergey Kust | Vladimir Gaponko | Vladimir Gaponko |
| Irina Kostenets | Pavel Burtsev | Mikhail Beskhmelnitsyn |
FPC’s Board of Directors performs efficiently due to a balanced composition of members in terms of their age and gender: the Board includes three women and six men from different age groups, allowing directors to gain a deep insight into agenda items.
Independent directors play an important role in the Board, and their fresh insight helps improve the quality of management decisions. FPC meets the recommendations of the Corporate Governance Code as to membership of the Board of Directors: the share of executive directors is less than 1/4, and the share of independent directors is 1/3.
In 2018 the Human Resources, Remuneration, and Corporate Governance Committee assessed nominees to the Board of Directors against the independence criteria. Based on the questionnaires submitted to the Committee, the following directors were considered independent: Sergey Maltsev, Sergey Zemlyansky, and Alla Saltykova.
Director Olga Gnedkova has been a continuous Board member since first elected by the founders’ meeting in 2009.
To gain a prompt and efficient insight into FPC’s operating, financial, and business activities, new members of the Board of Directors take an induction training course under the Induction Programme for Newly Elected Members of JSC FPC’s Board of Directors approved by the Board.
As part of the induction training, FPC organises office meetings with the General Director and key managers, arranges for site visits to the Company’s facilities, and provides key documents and presentations about FPC’s operations.
Educational background, skills, and experience of the Board members
The Board of Directors has a balanced composition in terms of directors’ qualifications, experience, knowledge, and competencies, and has the trust of shareholders.
Meetings of the Board of Directors
A sufficient number of meetings of the Board of Directors are held on a regular basis in line with the approved activity plan.
Key Resolutions of the Board of Directors in 2018
- Approved the Operational Efficiency and Cost Optimisation Programme for 2018–2020.
- Approved the Action Plan to Achieve the Target State of the Corporate Governance System.
- Approved the General Director’s report on the results of JSC FPC’s Cost Optimisation Programme for 2017, on procurement in 2017, and on the implementation of JSC FPC’s IT Programme for 2017.
- Approved quarterly reports by FPC’s General Director.
- Reviewed the matters of designing an internal audit system, approved the Regulations on JSC FPC’s Internal Audit Organisation, Regulations on JSC FPC’s Internal Audit Unit, and the Activity Plan of the Internal Audit Unit.
- Approved JSC FPC’s Budget for 2018 and the main parameters of JSC FPC’s Budget for 2019–2020.
- Approved JSC FPC’s Risk Management Policy.
- Approved the reports of the committees of FPC’s Board of Directors for the 2017/2018 corporate year.
- Approved the adjustment to JSC FPC’s Investment Programme for 2018.
- Reviewed the matters of designing FPC’s risk management system, approved the amendments to JSC FPC’s Risk Management Policy.
- Approved the new version of the Regulations on JSC FPC’s Treasury Control.
- Approved JSC FPC’s Policy on the Provision of Non-Audit Services by the External Auditor.
- Approved the Regulations on JSC FPC’s Information Policy.
- Approved candidate Deputy General Directors and Heads of FPC’s Branches; approved changes to FPC’s organisational structure.
| Name | In-person Board meetingThe format “А(В)/С” or “А/С” in the table means that the concerned director personally attended A of C meetings, and participated in B meetings by submitting a written opinion (from his/her election to the mandate termination). | In-absentia Board meeting | % |
|---|---|---|---|
| Mikhail Beskhmelnitsyn | 5 (1)/6 | 7/7 | 100 |
| Pavel Burtsev | 4/5 | 3/3 | 88 |
| Vladimir Gaponko | 7(4)/11 | 10/10 | 100 |
| Olga Gnedkova | 7(3)/12 | 9/13 | 76 |
| Vera Evsegneeva | 9(1)/11 | 9/10 | 91 |
| Sergey Zemlyansky | 9(3)/12 | 12/13 | 96 |
| Petr Ivanov | 10(2)/12 | 13/13 | 100 |
| Irina Kostenets | 0(1)/1 | 3/3 | 100 |
| Sergey Kust | 0(0)/1 | 2/3 | 50 |
| Sergey Maltsev | 5(6)/12 | 12/13 | 92 |
| Dmitry Pegov | 11/12 | 13/13 | 96 |
| Alla Saltykova | 9(2)/12 | 12/13 | 92 |
| Maxim Shneider | 0(1)/1 | 3/3 | 100 |
Remuneration of members of the Board of Directors
The principles regarding motivation for members of FPC’s Board of Directors, as well as payment of compensation/reimbursement of expenses to members of the Board of Directors are set out in the Regulations on Remuneration and Reimbursement for Members of JSC FPC’s Board of Directors approved by FPC’s annual General Shareholders Meeting in June 2018.
The Regulations include transparent mechanisms to determine directors’ remuneration in line with the recommendations of the Corporate Governance Code. The remuneration paid for the past corporate year is the only form of monetary remuneration payable to members of the Board of Directors. FPC does not apply any form of short-term motivation or additional financial incentive for its directors.
Remuneration of members of the Board of Directors is differentiated depending on the scope of directors’ responsibilities and considering additional time spent on discharging the functions of the Chairman of the Board of Directors, the Deputy Chairman of the Board of Directors, a committee member, and a committee Chairman or Deputy Chairman.
To calculate fixed remuneration for serving on the Board of Directors, FPC uses a formula based on the fixed part of remuneration adjusted for the factor of directors’ attendance at meetings and a factor of a director’s contribution to the performance of the Board of Directors as its Chairman or Deputy Chairman.
Additional remuneration is provided for serving on a committee of the Board of Directors, which is calculated based on the fixed part of remuneration adjusted for the factor of directors’ attendance at committee meetings and an additional factor of discharging the functions of the Chairman, the Deputy Chairman, or a member of a committee of the Board of Directors.
If a member of the Board of Directors is also a member of several committees, additional remuneration is calculated and paid for each committee.
Remuneration for serving on the Board of Directors is only paid if a director attends at least 50% of meetings (from his/her election to the mandate termination).
Additional remuneration is only paid if a director attends (personally or by submitting a written opinion) at least 50% of in-person committee meetings (from his/her election to the mandate termination).
Members of FPC’s Board of Directors are reimbursed for expenses incurred when attending the Board meetings (committee meetings) in the amount of actual and documented expenses, in particular:
- expenses incurred when travelling to the venue of the Board meetings (committee meetings) and back (including passenger insurance and service fee) by plane in business class, or by train in a first-class sleeping carriage
- expenses incurred when travelling from the airport or the railway station to the hotel and back
- expenses incurred when staying at a hotel in a single room
- other expenses incurred when attending the Board meetings (committee meetings).
Non-executive and independent directors are not eligible for pension contributions, insurance programmes, investment programmes, or other benefits and privileges.
The remuneration paid to members of the Board of Directors in 2018 totalled RUB 40,099,5101This amount does not include personal income tax, or payments related to Petr Ivanov’s discharging the functions of FPC’s General Director..
| Function | Payment |
|---|---|
| Chairman of the Board of Directors | 50% of the fixed part of remuneration |
| Deputy Chairman of the Board of Directors | 25% of the fixed part of remuneration |
| Committee Chairman | 25% of the fixed part of remuneration |
| Deputy Chairman of a committee | 25% of the fixed part of remuneration for the meetings where the director acted as Chairman of a committee of the Board of Directors |
| Committee member | 15% of the fixed part of remuneration |
The Audit and Risk Committee is a consultative and advisory body of the Board of Directors, whose resolutions are of an advisory nature. The Committee’s main goal – to assist the Board of Directors’ efficient operation in controlling FPC’s financial and business activities – is achieved through addressing the following tasks.
Alla SALTYKOVA
The Committee’s goals and objectives
| Accounting (financial) statements | Monitor the completeness, accuracy, and integrity of FPC’s accounting (financial) statements; review the material aspects of FPC’s accounting policy; participate in reviewing material matters and judgements relating to FPC’s accounting (financial) statements Approve the draft budget, Investment Programme, and relevant performance reports | |
| Risk management and internal control | Monitor the risk management and internal control system for reliability and effectiveness Review the effectiveness of risk management and internal control procedures; prepare proposals for their improvement Review and assess the implementation of the risk management and internal control policy | |
| Internal and external audit | Ensure independent and unbiased approach of the internal audit function, and review its effectiveness; review the Company’s internal audit policy and internal audit plan Assess candidates for the Company’s auditor and make proposals on the auditor’s remuneration Oversee external audits and assess audit quality and auditors’ reports | |
| Combating malpractice by FPC’s employees or third parties | Monitor the performance of the system of alerting on potential fraud being committed by FPC’s employees or third parties Oversee special investigations of potential fraud, misuse of insider or confidential information Monitor the implementation of measures taken by the Company in response to reports of suspected fraud or other violations |
Statistics on the Committee meetings
In 2018, the Audit and Risk Committee held 16 meetings: 14 meetings in person and two meetings in absentia, and discussed 113 agenda items.
Key items discussed by the Committee
- Reviewed the auditor’s independence and the schedule of the provision of services and submission of information for 2018 by the auditor to FPC, as well as a draft regulation on the provision of non-audit services by the auditor
- Reviewed the Regulations on JSC FPC’s Internal Audit Unit and the new version of the Regulations on JSC FPC’s Internal Audit Organisation
- Reviewed issues relating to risk management, risk management policy, and risk identification and assessment
- Reviewed a report on eliminating identified violations for 2017 prepared by FPC’s Audit Commission, as well as a report on the implementation of the external auditor’s recommendations
- Reviewed issues relating to the audit of RAS accounting statements for 2017 and IFRS consolidated financial statements, a report on the review of FPC’s interim IFRS consolidated financial statements for 6M, significant risks, IFRS accounting policy issues, and the auditor’s recommendations
- Reviewed progress on FPC’s anti-corruption and corruption prevention efforts
- Reviewed reports on the operation of FPC’s Control and Audit Centre and quarterly internal audit reports
- On a quarterly basis, reviewed reports on the Company’s financial and business activities prepared by FPC’s General Director
The Committee’s plans for 1H 2019
- Review the General Director’s report on FPC’s financial and business performance in 2018 and Q1 2019, and the draft annual report.
- Review FPC’s RAS accounting (financial) statements and IFRS consolidated financial statements for 2018 and audit reports on them.
- Provide an opinion on whether and how FPC’s net profit for 2018 can be distributed.
- Review a report on Internal Audit Unit’s activities and plan for 2019.
- Review performance reports on FPC’s risk management system, internal control, and combating malpractice by the Company’s employees or third parties, as well as plans for 2019.
- Review FPC’s Key Risk Map and proposals on FPC’s risk appetite for the key risks.
| January–February | March–June | July–December |
|---|---|---|
| Alla Saltykova, Chairwoman of the Committee, Deputy Executive Director of the Forum Analytical Centre, Independent Director | Alla Saltykova, Chairwoman of the Committee, Deputy Executive Director of the Forum Analytical Centre, Independent Director | Alla Saltykova, Chairwoman of the Audit and Risk Committee of FPC’s Board of Directors, Independent Director of FPC |
| Alexander Ananyev, Deputy Head of the Department of Economics, Russian Railways | Alexander Ananyev, Deputy Head of the Department of Economics, Russian Railways | Alexander Ananyev, Deputy Head of the Department of Economics, Russian Railways |
| Gleb Zaznov, Head of the Risk Management Development and Outsourcing Centre, a structural unit of Russian Railways | Mikhail Beskhmelnitsyn, Head of the Control and Analytical Service of the CEO – Chairman of the Management Board, Russian Railways; Deputy Chairman of the Committee | Mikhail Beskhmelnitsyn, Head of the Control and Analytical Service of the CEO – Chairman of the Management Board, Russian Railways; Deputy Chairman of the Committee |
| Fyodor Kuzin, Head of the Subsidiary Relations Unit at the Subsidiaries and Affiliates Management Department, Russian Railways | Gleb Zaznov, Head of the Risk Management Development and Outsourcing Centre, a structural unit of Russian Railways | Olga Gladysheva, Head of the Centre for Risk Management Coordination and Internal Control System Development, Russian Railways |
| Alexander Muslovets, Deputy General Director, FPC | Fyodor Kuzin, Head of the Subsidiary Relations Unit at the Subsidiaries and Affiliates Management Department, Russian Railways | Olga Kabanova, First Deputy Head of the Main Control Department of the City of Moscow |
| Elena Filatova, Advisor to the Economics and Finance Director, Russian Railways | Alexander Muslovets, Deputy General Director, FPC | Fyodor Kuzin, Head of Unit at the Subsidiaries and Affiliates Management Department, Russian Railways |
| Elena Chamortseva, Deputy Head of Zheldorkontrol Internal Control Centre, a structural unit of Russian Railways | Elena Filatova, Advisor to the Economics and Finance Director, Russian Railways | Alexander Muslovets, Deputy General Director, FPC |
| Olesya Chernysheva, Head of the Accounting Department, Russian Railways | Elena Chamortseva, Deputy Head of Zheldorkontrol Internal Control Centre, a structural unit of Russian Railways | Elena Filatova, Advisor to Deputy CEO – Chairwoman of the Management Board, Russian Railways |
| Olesya Chernysheva, Head of the Accounting Department, Russian Railways | Olesya Chernysheva, Head of the Accounting Department, Russian Railways |
In 2018, remuneration paid to the members of the Audit and Risk Committee of FPC’s Board of Directors totalled RUB 5,830,710This amount does not include personal income tax or payments made to members of the Committee who are employed by FPC. No remuneration for serving on the Committee was allocated or paid to Olga Kabanova due to restrictions on remuneration for public servants..
The Human Resources, Remuneration, and Corporate Governance Committee of FPC’s Board of Directors is a consultative and advisory body of the Board of Directors, whose resolutions are of an advisory nature. The Committee’s main goal – to assist the Board of Directors’ efficient operation in developing corporate governance, efficient HR planning, and effective and transparent remuneration practice at FPC – is achieved through addressing the following tasks.
Sergey ZEMLYANSKY
The Committee’s goals and objectives
| Effective and transparent remuneration practice | Develop and regularly review the Company’s policy on remuneration of members of the Board of Directors, executive bodies, and other key managers; make recommendations on the levels of remuneration and reimbursement for members of the Boards of Directors and Audit Commissions of FPC and its subsidiaries and affiliates; define material terms of contracts with FPC’s executive officers Authorise FPC’s General Director to serve on governing bodies or hold other paid positions in other companies Oversee the disclosure of information on remuneration levels, policy and practice, and on shareholdings in the Company by members of the Board of Directors and members of collective executive bodies in the Annual Report and on the FPC website | |
| HR planning | Develop an induction programme for newly elected members of the Company’s Board of Directors and oversee its implementation; develop a training and development programme for members of the Board of Directors and oversee its implementation Analyse the current and anticipated needs of the Company regarding the professional qualifications of members of its executive bodies and other key managers, and ensure succession planning for these positions Discuss, review, and make recommendations to the Company’s Board of Directors as to appointments of the Company’s representatives to supreme governing bodies of its subsidiaries and affiliates, and nominate candidates to the boards of directors and audit commissions of the Company’s subsidiaries and affiliates Approve candidates to positions of the Company’s executive officers and to certain positions in the Company’s administration as determined by FPC’s Board of Directors | |
| Development and improvement of the corporate governance practice | Monitor compliance with the Company’s information policy Monitor reliability and effectiveness of the corporate governance system; review the effectiveness of the corporate governance practice and make proposals for its improvement Monitor procedures which ensure FPC’s compliance with Russian laws on corporate governance Define the conflict of interest management policy and review and assess its implementation |
Statistics on the Committee meetings
In 2018, the Human Resources, Remuneration, and Corporate Governance Committee held seven meetings, all of them in person, and discussed 48 agenda items.
Key items discussed by the Committee
- Approved candidates to the positions of heads of FPC’s branches
- Approved the Plan to Achieve the Target State of the Corporate Governance System and the Regulations on JSC FPC’s Information Policy
- Approved amendments to the terms of the employment contract with FPC’s General Director
- Approved candidates to the governing bodies of FPC’s subsidiaries and affiliates
- Reviewed proposed changes to the organisational structure of the Company’s administration
- Reviewed quarterly reports by FPC’s General Director on the Company’s social and HR policy and the implementation of resolutions of FPC’s Board of Directors
- Provided recommendations on the incentives for FPC’s General Director
The Committee’s plans for 1H 2019
- Review the General Director’s report on FPC’s performance in 2018 and Q1 2019.
- Draft proposals on FPC’s customer focus and passenger satisfaction KPIs.
- Determine the levels of remuneration for members of FPC’s Audit Commission and Board of Directors.
- Review the report on the Committee’s performance in the 2018/2019 corporate year.
- Identify actions needed to prepare for the annual General Shareholders Meeting, including assessment of nominees to FPC’s Board of Directors appointed by shareholders.
| January–February | March–June | July–December |
|---|---|---|
| Sergey Zemlyansky, Independent Director, FPC; Chairman of the Committee | Sergey Zemlyansky, Independent Director, FPC; Chairman of the Committee | Sergey Zemlyansky, Independent Director, FPC; Chairman of the Committee |
| Lyudmila Paristaya, Deputy General Director, FPC; Deputy Chairwoman of the Committee | Vladimir Gaponko, Head of the Economics Department, Russian Railways; Deputy Chairman of the Committee | Mikhail Beskhmelnitsyn, Head of the Control and Analytical Service of the CEO – Chairman of the Management Board, Russian Railways; Deputy Chairman of the Committee |
| Andrey Vyatkin, Advisor to the General Director of VEB-leasing | Nikolay Zakharov, First Deputy Head of the Personnel Management Department, Russian Railways | Elena Vorobyova, Deputy Head of the Subsidiaries and Affiliates Management Department, Russian Railways |
| Nikolay Zakharov, First Deputy Head of the Personnel Management Department, Russian Railways | Lyudmila Levina, Head of Unit at the Subsidiaries and Affiliates Management Department, Russian Railways | Vladimir Gaponko, Head of the Economics Department, Russian Railways |
| Lyudmila Levina, Head of Unit at the Subsidiaries and Affiliates Management Department, Russian Railways | Lyudmila Paristaya, Deputy General Director, FPC | Nikolay Zakharov, First Deputy Head of the Personnel Management Department, Russian Railways |
| Andrey Tikhomirov, First Deputy Head of the Employment, Remuneration, and Motivation Department, Russian Railways | Andrey Tikhomirov, First Deputy Head of the Employment, Remuneration, and Motivation Department, Russian Railways | Lyudmila Paristaya, Deputy General Director, FPC |
| Andrey Tikhomirov, First Deputy Head of the Employment, Remuneration, and Motivation Department, Russian Railways |
In 2018, remuneration paid to members of the Human Resources, Remuneration, and Corporate Governance Committee of FPC’s Board of Directors totalled RUB 2,510,530This amount does not include personal income tax or payments made to members of the Committee who are employed by FPC..
The Strategic Planning Committee is a consultative and advisory body of the Board of Directors, set up to enable the Board of Directors to improve the Company’s long-term performance, whose resolutions are of an advisory nature.
Dmitry PEGOV
The Committee’s goals and objectives
| Determine strategic goals of FPC’s activities; participate in the development of the Company’s Strategy, and monitor its implementation; make recommendations to the Board of Directors on adjustments to the Company’s existing Strategy | |
| Determine the Company’s business priorities | |
| Preview, and make recommendations to the Board of Directors on:
| |
| Assess the Company’s long-term performance | |
| Assess voluntary and mandatory offers for the Company’s securities | |
| Review the Company’s financial model and a model for valuation of its business and business segments | |
| Consider reorganisation or liquidation of the Company and its controlled entities | |
| Consider changes to the organisational structure of the Company and its controlled entities | |
| Consider reorganisation of business processes in the Company and its controlled entities |
Statistics on the Committee meetings
In 2018, the Strategic Planning Committee held seven meetings: six meetings in person and one meeting in absentia, and discussed 28 agenda items.
Key items discussed by the Committee
- Reviewed FPC’s Annual Report for 2017 and proposals on the payout (declaration) of the full year dividend for 2017
- Reviewed a report on the implementation of the Stabilisation and Development Plan for JSC FPC-Logistics
- Reviewed activities of FPC’s subsidiaries and their development prospects
- Reviewed the adjustment to JSC FPC’s Investment Programme
- Approved JSC FPC’s Budget for 2019–2021 and Investment Programme for 2019–2021
The Committee’s plans for 1H 2019
- Assess the performance of the dynamic pricing system.
- Review the results of the programme to improve operational efficiency and investment performance in 2018.
- Review FPC’s draft Annual Report for 2018.
- Consider payment of the full year dividend for 2018.
| January–February | March–June | July–December |
|---|---|---|
| Dmitry Pegov, Passenger Transportation Director, Russian Railways; Chairman of the Committee | Dmitry Pegov, Passenger Transportation Director, Russian Railways; Chairman of the Committee | Dmitry Pegov, Deputy CEO – Chairman of the Management Board, Russian Railways; Chairman of the Committee |
| Sergey Kust, member of FPC’s Board of Directors; Deputy Chairman of the Committee | Pavel Burtsev, Head of the Passenger Services Management Department, Russian Railways | Mikhail Beskhmelnitsyn, Head of the Control and Analytical Service of the CEO – Chairman of the Management Board, Russian Railways |
| Vladimir Maksimushkin, First Deputy Head of the Economic Environment and Strategic Development Department, Russian Railways | Elena Vilchinskaya, Advisor to the Head of Moscow Metro on Legal Matters | Pavel Burtsev, Head of the Passenger Services Management Department, Russian Railways |
| Aleksey Mastyaev, Advisor of the Department for the State Regulation of Tariffs, Infrastructure Reforms, and Energy Efficiency of the Russian Ministry of Economic Development | Vladimir Gaponko, Head of the Economics Department, Russian Railways | Elena Vilchinskaya, Head of Unit at the Central Directorate for Multiple Unit Trains, a branch of Russian Railways |
| Alexander Muslovets, Deputy General Director, FPC | Vera Evsegneeva, Head of the Subsidiaries and Affiliates Management Department, Russian Railways; Deputy Chairwoman of the Committee | Vladimir Gaponko, Head of the Economics Department, Russian Railways |
| Alla Saltykova, Independent Director, FPC | Petr Ivanov, General Director, FPC | Vera Evsegneeva, Head of the Subsidiaries and Affiliates Management Department, Russian Railways |
| Maxim Shneider, member of FPC’s Board of Directors | Vladimir Maksimushkin, First Deputy Head of the Economic Environment and Strategic Development Department, Russian Railways | Petr Ivanov, General Director, FPC |
| Alla Saltykova, Independent Director, FPC | Vladimir Maksimushkin, First Deputy Head of the Economic Environment and Strategic Development Department, Russian Railways | |
| Alla Saltykova, Independent Director, FPC |
In 2018, remuneration paid to members of the Strategic Planning Committee of FPC’s Board of Directors totalled RUB 1,803,3301This amount does not include personal income tax or payments made to members of the Committee who are employed by FPC..