Board of directors

During the intervals between the Annual General Meeting of Shareholders, the Board of Directors (the Board) serves as the governing body of Gobi JSC. In addition to providing general management to the company, the Board also oversees and directs business operations. The Board approves the company's strategic goals and business plans each year, keeps records of how the plans are being performed by reviewing the monthly reports and designates the appropriate duties. The Risk and Audit Committee, Nomination Committee, and Remuneration Committee operate to implement corporate governance. The Audit Department under the Risk and Audit Committee conducts an audit of the company's internal controls.

Non- Independent Directors

photo
Baatarsaikhan Ts.

Chair of the Board

Khulan D.
Amarsaikhan B.
Orgil B.
Orgilbold Ts.
Tseenyam B.

Independent Directors

Gerelmaa D.
Jargalmaa A.
Khurelbaatar D.

Board committees

Risk and Audit Committee

Chairperson: A.Jargalmaa Members: D.Gerelmaa The Risk and Audit Committee, operating under the Board of Directors, has a primary objective to oversee the accuracy of the company's accounting and auditing activities, financial reporting, and compliance with accounting standards and applicable laws. It also plays a crucial role in establishing risk management policies and strategies. By monitoring the implementation of risk management, evaluating the expertise and independence of independent auditors, and ensuring adherence to internal controls and procedures, the committee enables the Board of Directors to effectively exercise their control functions. In August 2016, the operating rules of the Risk and Audit Committee were revised.

Nomination committee

Chairperson: D.Khurelbaatar Members: D.Gerelmaa, Ts.Baatarsaikhan The Nomination Committee, operating under the Board of Directors, plays a vital role in assisting the company's board with the selection policy for the appointment of Key Management Personnels, Board of Directors members, CEO, and other members of the Management Team. Its primary objective is to define the responsibilities of these individuals and evaluate their performance. In December 2017, the Nomination Committee introduced new rules of procedure.

Remuneration Committee

Chairperson: D.Khurelbaatar Members: B.Tseenyam, D.Khulan The Remuneration Committee, operating under the Board of Directors, serves the purpose of establishing the salary and bonus policy to guide the compensation of the Board of Directors, Key Management Personnels, members of the Board of Directors, CEO, and other members of the Management Team. Additionally, the committee plays a crucial role in determining the company-wide salary and bonus policy, ensuring compliance with relevant laws and regulations. It provides recommendations and conclusions aligned with regulatory frameworks, approves the annual salary and bonus budget, and supports the implementation of performance monitoring functions. In December 2017, the Remuneration Committee undertook a revision of its operating rules.