TransContainer 2018 Annual Report AR
trcont.com
It must be at least 3 characters in the query

Report on the Performance of the Board of Directors

In 2018, the Board of Directors held 14 meetings: 11 of which were in-person meetings, and the other 3 were conducted in the form of absentee voting.


The meetings dealt with 142 matters pertaining to strategy, oversight and reporting, appointments and remuneration of members of the Company’s governance bodies and key managers, corporate governance, and social responsibility.

The Board of Directors paid special attention to the following aspects:

  • Strategy:
    • approval of 100% participation of PJSC TransContainer in CJSC Logistics-Terminal;
    • approval of 100 % participation of PJSC TransContainer in subsidiary Chinese Joint Venture TransContainer-Mongolia (Ulaanbaatar, Mongolia);
    • review of the report on progress of PJSC TransContainer subsidiary establishment in China;
    • approval of the list of corporate and individual KPIs and their weights;
    • review of the reports «On the Company’s Plans for Development of the Terminal Business Segment», as well as «On implementation of the Project of Container Terminal Reconstruction at the Kuntsevo-II Station»;
    • approval of updated TransContainer’s Investment Programme for 2018 concerning increase in the budget of capital expenditure to rolling stock fleet.
  • Oversight and reporting:
    • approval of the report on results of TransContainer’s Internal Audit Service in 2017, as well plan of Internal Audit Service for 2018;
    • approval of the report on the Company’s performance in 2017 and on implementation of resolutions adopted by the Company’s Board of Directors and annual general meeting of shareholders;
    • approval of the overlapping positions held by the members of TransContainer’s Executive Board and top-management in the governance bodies of other organisations;
    • approval of initiatives to improve the procurement system;
    • review of the key subsidiaries’ performance in 2017.
  • Corporate governance:
    • round-up of the Board’s self-assessment results for 2018;
    • review of the Directors’ compliance with the independence criteria.
  • Nominations and remuneration:
    • review of nominees to the subsidiaries’ governance bodies;
    • approval of nominees to the executive office’s senior positions;
    • election of the Executive Board members.
  • Social responsibility:
    • consideration of matters related to the Company’s charitable support for children (TransContainer for Children programme) and its employees (aid for those in need of expensive treatment), promotion of sports among children and adolescents, preservation of Russia’s cultural heritage, contribution to the industry-wide charitable programmes and aid for people affected by emergencies.
Key Items Reviewed by the Board of Directors in 2018 by Business Lines (%)

The members of the Company’s Board of Directors exercise their rights and perform their duties reasonably and in good faith, acting in line with the interests of the Company and all of its shareholders and taking into account the interests of the employees, customers, partners and other stakeholders.

Diligent and efficient fulfilment of responsibilities by the members of the Board of Directors requires, inter alia, sufficient free time to work for the Board of Directors and its committees. Each member’s contribution is important in ensuring the efficiency of the Board of Directors.

Attendance at the Meetings of the Board of Directors and its Committees in 2018 The table presents data in the "8 (1) / 10"format, which means that the Director attended eight out of ten meetings of the Board (committee) in person, including one meeting via a written opinion or a questionnaire (in case of an in-absentia meeting).
Full name Board of Directors Audit Committee Nominations and Remuneration Committee Strategy Committee
Andrey Starkov 14 (2) / 14 – – –
Sergey Tugarinov 12 (4) / 14 8 (–) / 8 – 10 (–) / 10
Vladimir Gaponko 12 (2) / 12 – 9 (–) / 9 8 (5) / 8
Mark Garber 8 (6) / 12 5 (1) / 8 – –
David Davidovich 11 (10) / 12 7 (6) / 8 8 (8) / 9 –
Igor Koval 12 (4) / 12 – 9 (2) / 9 6 (3) / 6
Sergey Ludin 12 (4) / 12 8 (–) / 8 – 6 (2) / 6
Leila Mammed Zade 10 (6) / 14 – 4 (3) / 5 4 (2) / 4
Tatiana Orlova 12 (5) / 12 5 (–) / 8 – –
Alexander Panchenko 13 (2) / 14 6 (–) / 8 9 (–) / 9 4 (1) / 6
Evgeny Charkin 10 (5) / 14 – 7 (2) / 9 0 (–) / 4
Richard Werner 2 (–) / 2 2 (–) / 2 2 (2) / 2 2 (1) / 2
Peter Lloyd O’Brien 2 (–) / 2 2 (–) / 2 2 (–) / 2 –
Irina Kostenets 2 (–) / 2 2 (1) / 2 2 (1) / 2 –
Yuri Novozhilov 2 (1) / 2 – – –
Andrey Tonkikh 2 (–) / 2 – – 2 (2) / 2
Steven Hellman 2 (1) / 2 – 1 (–) / 2
Irina Shytkina 2 (1) / 2 1 (–) / 2 – –
Petr Baskakov – – – 4 (–) / 4
Sergey Avseikov – – – 6 (4) / 6

93.2% average quorum at the meetings of TransContainer’s Board of Directors in 2018.