In accordance with international corporate governance standards, the following Board Committees have been set up under the Board of Directors of the Fund:

Audit Committee;
Nomination, Remuneration and Social Affairs Committee;
Committee on Strategic and Budget Planning.

The purposeof the Committees' activities is an in-depth study of certain areas of the Damu Fund's activities and advising the Board of Directors on these issues.

Committees of the Board of Directors

The Audit Committee makes recommendations to the Board of Directors on the establishment of an effective system for monitoring the financial and economic activities of the Fund, monitoring the independence and effectiveness of internal, external control and risk management systems, as well as the implementation of documents in the field of corporate governance.

The membership of the Committee is approved from the following members of the Board of Directors:

Председатель комитета - Бахмутова Е.Л., независимый директор,

Член комитета – Баталов Р.А., независимый директор

Член комитета – Хусаинов Г.А., независимый директор

Член комитета – Мухамеджанов А.Б., член Совета директоров, представитель Единственного акционера

Regulations on the Audit Committee under the Board of Directors of the Damu Fund dated 24.12.2015

Regulations on the Audit Committee under the Board of Directors of the Damu Foundation dated 24.12.2015 (additions 2017 CBK)

The Nomination, Remuneration and Social Committee was established to develop and submit recommendations to the Board of Directors on attracting highly qualified specialists to the Board of Directors and the Management Board; forming proposals to the Sole Shareholder on determining the remuneration of the Board of Directors, and to the Board of Directors on determining the remuneration of the Management Board and the Corporate Secretary.

The membership of the Committee is approved from the following members of the Board of Directors:

Председатель комитета - Хусаинов Г.А., независимый директор

Член комитета – Баталов Р.А., независимый директор

Член комитета – Бахмутова Е.Л., независимый директор

Член комитета – Мухамеджанов А.Б., член Совета директоров, представитель Единственного акционера

Regulations on the Appointments and Remuneration Committee under the Board of Directors of the Damu Fund dated 30.10.2015

Regulations on the Appointments and Remuneration Committee under the Board of Directors of the Damu Fund dated 30.10.2015 ( additions 2017)

The Strategic and Budget Planning Committee prepares recommendations and proposals on issues related to the development and implementation of the Fund's development strategy, and also makes proposals to the Board of Directors on improving the budgeting system and the dividend policy of the Damu Fund.

The membership of the Committee is approved from the following members of the Board of Directors:

Председатель комитета - Баталов Р.А., независимый директор

Член комитета – Бахмутова Е.Л., независимый директор

Член комитета – Хусаинов Г.А., независимый директор

Член комитета – Мухамеджанов А.Б., член Совета директоров, представитель Единственного акционера

Regulations on the Committee for Strategic and Budget Planning under the Board of Directors of the Damu Fund dated10.09.2008

Amendments and additions to the Regulation on KSPP, KNVSV, KA dated 24.02.2017 г.