EVRAZ plc (“EVRAZ”) is committed to high standards of corporate governance.

The EVRAZ Board is responsible for the following key aspects of governance and performance: 

  • Financial performance
  • Strategic direction
  • Major acquisitions and disposals
  • Overall risk management
  • Capex and operational budgeting
  • Business planning

EVRAZ maintains a clear division between the respective responsibilities of Alexander Abramov, Non-Executive Chairman of the Board, and Alexander Frolov, Chief Executive Officer. While the Non-Executive Chairman is responsible for leading the Board’s high-level discussions and decision-making, the Chief Executive Officer is responsible for leading EVRAZ’s operating performance and day-to-day management.

The main corporate governance objectives of EVRAZ are:

  • to achieve the goal of a proper balance between entrepreneurship and control, as well as between performance and compliance with the rules and standards of corporate governance; 
  • to facilitate performance-driven management, but also to provide mechanisms for leadership ensuring integrity and transparency in the decision-making process; 
  • to encourage and enable the Board and management to pursue objectives in the best interests of EVRAZ, its shareholders and other stakeholders, and particularly to create long-term value for shareholders. 

Articles of Association of EVRAZ plc with effect from 7 November 2011

EVRAZ plc - Roles of Chairman and CEO

EVRAZ plc - Schedule of Matters Reserved for the Board