VEON is committed to delivering high standards of corporate governance, both now and in the future. Our structure is designed to promote integrity in everything we do, and responsible and effective governance is core to our culture.
Our Board of Directors has the authority to make strategic decisions for the Group. Our bye-laws require that the Board approves important matters including, among others, the Group’s annual budget and audited accounts, organisational or reporting changes, major transactions or other significant actions. All Board members are elected by our shareholders through a cumulative voting process.
Our Finance Committee is responsible for reviewing financial transactions, policies, strategies and the capital structure of VEON and its subsidiaries.
Members: A. Gusev (Chair), G. Gazin and G. Holt
Finance Committee Charter PDF
Our Nominating & Corporate Governance Committee is responsible for coordinating the selection process for candidates to become directors and recommending such candidates to the Board of Directors.
Members: P. Derby (Chair), G. Gazin and Y. Glazunov
Nominating & Corporate Governance Charter PDF
Our Compensation Committee is responsible for approving the compensation of the directors, officers and employees of VEON and its subsidiaries, our employee benefit plans, any equity compensation plans of VEON and its subsidiaries, and any contract relating to a director, officer or shareholder of our company or any of our subsidiaries or their respective family members or affiliates.
Members: Y. Glazunov (Chair), G. Holt and H. Albrecht
Compensation Charter PDF
Our Audit & Risk Committee is responsible for the appointment, compensation, retention and oversight of auditors, establishing procedures for addressing complaints related to accounting or audit matters and engaging necessary advisors. Our Audit & Risk Committee is required to satisfy the requirements of Rule 10A-3 under the U.S. Securities Exchange Act of 1934 and the rules and regulations thereunder.
Members: R.J. van de Kraats (Chair), G. Holt and P. Derby
Audit & Risk Committee Charter PDF
Our Telecommunications Committee is responsible for oversight of the operations and business strategy of the VEON Group’s telecommunications business, including the operational and technological capabilities associated with that strategy.
Members: A. Genish (Chair), A. Gusev, S. Pusey
Telecommunications Committee Charter PDF
Our Digital Committee assists and advise the Board regarding the Company’s digital strategy and implementation of new, innovative technologies and products.
Members: H.H. Albrecht, O. Bedier, A. Genish
Digital Committee Charter PDF
Our bye-laws are a fundamental component of our governance that outline our purpose, share structure, managerial bodies, and the rights and responsibilities of our shareholders and directors.