Board of Directors and Advisory Board

The Group has a four-member Board of  Directors.

Board of Directors
Colin Forster  – Director
Mr. Forster has been the managing director of a leading corporate and trust provider since 1988. Prior to this, he worked at the Continental Illinois Bank. Mr. Forster decame a director of the Group in August 2002.
Glen Granovsky – Director
Mr. Granovsky has been a director of the Group since 2001. Since 1995, he has been President of Luxoft USA, Inc. Prior to this, Mr Granovsky was the chief operating officer of Asiatronics Limited. He holds a Masters Degree in applied mathematics and information systems management from the Gubkin  Institute for the Petrochemical and Gas Industry in Moscow.
Brian Monk  – Director
Mr. Monk became a director of the Group in April 2004. Mr. Monk holds a Bachelor of Accountancy, C.A. from the University of Glasgow.
Ivan Rodionov  – Director and Advisory Board Member
Dr. Rodionov has been the managing director of AIG Brunswick Capital Management since 1999. Previously, he served as director of the project finance department at Alfa-Bank and deputy general manager of the investment department at UNEXIM Bank. Dr. Rodionov also acted as deputy head of investment division at the Russian Bank for Reconstruction and Development (1990-1991). Dr. Rodionov graduated from the economics department at Moscow State University and a Ph.D in economics.

 

The Board of  Directors is advised by a separate Advisory Board on all strategic and other significant decisions of the Group. The meetings of the Advisory Board are held on a quarterly basis.

The Advisory Board fulfils the following key functions:

1. Review and supervise the Group's corporate strategy, major action plans, risk policies, annual budgets and business plans; identify performance objectives; monitor implementation and corporate performance; and oversee major capital expenditures, acquisitions and divestitures;
   
2. Ensure the integrity of the Group’s accounting and financial reporting systems, including an independent audit;
   
3. Monitor the effectiveness of the existing governance practices and make changes as needed;
   
4. Select, compensate and, if necessary, replace key executives, monitore their performance and oversee succession planning;
   
5. Jointly with the Group’s Remuneration Committee,  review key executives' and Board members' remuneration and ensure a formal and transparent Board nomination process.

Advisory Board
Anatoly Karachinsky – Chairman
Sergey Matsotsky
Vladimir Morozov
Ivan Rodionov  - Independent member
Esther Dyson - Independent member
Ms. Dyson has been a member of the Group’s Advisory Board since 1998 and is also chairperson of EDventure Holdings. She is the author of Release 2.1: A Design for Living in the Digital Age, published in 1998. Ms. Dyson also sits on the boards of and acts as an advisor to a number of other companies. She was founding chairperson of ICANN, the Internet Corporation for Assigned Names and Numbers. She holds a BA in economics from Harvard University.