Training and development of members of the Board of Directors [GRI 102-27]

The Company annually organizes training for members of the Board of Directors. The themes and areas for training are determined as part of procedures for evaluating the performance of the Board of Directors and also during a survey of members of the Board of Directors regarding the most interesting themes. Training is conducted in accordance with the Training and Development Program for members of the Board of Directors, which is part of the Succession Plan for members of the Board of Directors and the Management Board Approved by the Board of Directors on September 30, 2019 (Minutes No. 257 dated October 2, 2019). (hereinafter the Succession Plan) approved annually by the Board of Directors.

The Nomination and Remuneration Committee discusses the program of training events at an in-person meeting in order to tentatively study the issue Decision of the Nomination and Remuneration Committee dated September 10, 2019 (Minutes No. 106 dated September 10, 2019)..

Inter RAO organizes training events for members of the Board of Directors in the form of workshops and also provides them with regular informational mailings. These activities involve immersion in a particular area of the Group’s activities with the involvement of well-known market specialists and key managers who are employees of the Group.

In 2019, a seminar on digitalization was held for members of the Board of Directors as part of the Training and Development Program. The workshop provided information on the digitalization of the energy industry, digitalization at Inter RAO, the key achievements of a project to optimize the collection of receivables from individuals as well as the cyber security risks of digital transformation.

In accordance with the Succession Plan, all newly elected members of the PJSC Inter RAO Board of Directors undergo an induction program that involves a meeting (or a series of meetings) with executive management and key employees of the Company, during which PJSC Inter RAO management presents reports to members of the Board of Directors and others necessary materials concerning the Company’s main areas of business.

No induction meetings were held in 2019 since no changes were made to the members of the Company’s Board of Directors.