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

Audit and Risk Management 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:

Chairman of the Committee - Yelena Bakhmutova, Independent Director

Committee member – Raimbek Batalov, Independent Director

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:

Chairman of the Committee -

Committee member – Raimbek Batalov, Independent Director

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:

Chairman of the Committee - Raimbek Batalov, Independent Director

Committee member – Yelena Bakhmutova, Independent Director

Regulations on the Committee for Strategic Planning and Corporate Development

Regulations on the Nomination, Remuneration and Social Issues Committee

Regulations on the Audit and Risk Management Committee

Amendments to the Regulation on the Committees of the Board of Directors dated 12/24/2020 y.