Company governance
Leadership structure
Board of Directors
The start of operation of Badrakh Energy took place in June 2017 with the first meeting of the Board of Directors, whose primary function is to ensure operational consistency in company activities. Mongolian company law requires a separation between the functions of Chairman of the Board of Directors and Chief Executive Officer, which have been fulfilled since the establishment of the company.
The organization, operation and prerogatives of the Board of Directors are set by the charter of Badrakh Energy LLC. The Board of Directors meets at least twice a year. It decides how the company orients its activities and ensures their implementation.
The Board of Directors comprises 9 directors:
- 6 members are nominated by and represent AREVA Mongol (subsidiary of Orano Mining)
- 3 directors are nominated by and represent Mon-Atom
The Board of Directors has Operation and Audit Committees. The Audit Committee is chaired by the representatives of the shareholders alternatively elected each year. The committees meet at least four times per year to discuss matters related to the operation and financial operations of the company and raise them for discussion at the Board of Directors, if necessary, for decisions.
Management committee
The company CEO chairs the CODIR, or Management Committee, which is made up of directors from the operational departments (Operations, Health, Safety and Environment, Corporate Social Responsibility, Communication) and the functional departments (Human Resources, Finance and Supply, Legal, Corporate Affairs) who are in charge of the activities of the company on a day-to-day basis. The CODIR meets on a weekly basis to discuss and decide on company operations.
About us
About Badrakh Energy LLC
About Orano
About Orano Group
