Board Structure and Fiduciary Oversight

• Total Composition: The Board consists of 11 members, ensuring balanced and comprehensive strategic direction.
• Independent Directors: 3 seats are strictly designated for independent members to ensure uncompromised, objective oversight and the systematic mitigation of risk.
• Executive Appointment: Executive management and senior leadership are evaluated and formally appointed directly by the Board of Directors.

Standing Sub-Committees

1. Governance and Nomination Committee
2. Salary Remuneration and Performance Committee
3. Audit and Risk Management Committee

Selection and Appointment Methodology

• Independent Board Members & Executive Management: Appointed strictly through an open, transparent, and competitive public recruitment process in accordance with the mandate of Government Resolution No. 345 (2021) to enhance state enterprise governance. Candidates are rigorously vetted using criteria from the General Procedure for Selecting Independent Members of the Board of Directors of State-Owned Companies.
• Shareholder Representatives: Nominated and appointed by the Government of Mongolia in strict compliance with the Law of Mongolia on Companies and the Fund's operational charter.
• Board Chairman: Elected from among the state-appointed shareholder representatives by a majority vote of the representative members.
• Public Disclosures: To satisfy legal requirements and maintain public trust, the professional criteria, brief profiles, work experience, official appointment decrees, and selection evaluation reports of all Board members and the CEO are permanently disclosed and openly accessible on this webpage.

Please visit the following link to view the current members of the Board of Directors: View Board Members