According to its Articles of Association Rating-Agentur Expert RA GmbH shall have an advisory board and at least one third, but no less than two, of the members of the advisory board shall be independent.
The advisory board shall ensure that the company’s credit rating activities are independent, including from all political and economic influences or constraints, that conflicts of interest are properly identified, managed and disclosed, and that the company complies the remaining requirements of EU CRA Regulations.
In addition to the overall responsibility of the board, the independent members of the advisory board shall have the specific task of monitoring:
- The development of the credit rating policy and of the methodologies used by the agency in its credit rating activities though participation and voting on methodological committee meetings;
- The effectiveness of the internal quality control system;
- The effectiveness of measures and procedures instituted to ensure that any conflicts of interest are identified, eliminated or managed and disclosed;
- The compliance and governance processes.
Dmitry GrishankovRepresentative from the shareholders side
Member of the advisory board
Dmitry Grishankov is head of the International group of rating agencies RAEX that is represented in Russia, Germany, Hong Kong, Kazakhstan and Belorussia. In the early 1990’s he was actively involved in the Russian media, first working for “Komersant” and later participating in the foundation of “Expert” magazine. Since 1999 he is the head of “Expert RA” rating agency, the leading rating agency in Russian and CIS markets. Dmitry is the author of more than three hundreds of publications. He has received several awards and certificates from public and professional associations. Dmitry is also a member of some expert councils of the Russian Central Bank and in May 2014 he was elected as a member of the IREG Observatory on Academic Ranking and Excellence executive committee.
Alexander KarminskyIndependent member of the advisory board
Alexander Karminsky is currently a professor at the Higher School of Economics and the Moscow State Bauman Technical University. He has doctor degrees in Economics and National Economy Management, as well as in Computer Science, Technology and Management. During his professional career he wrote and published a large number of influential academic papers and books in the areas of banking, credit ratings, computer modelling, controlling and information of business. Apart from his academic career, Alexander participated in a number of research projects for largest companies in the private Russian sector. Since 2001 Mr Karminsky is a Member of the Russian Academy of natural science.
Managing director of Rating-Agentur Expert RA
Jacqueline CurzonInternal control officer
Independent member of the advisory board
Jacqueline Curzon serves as internal control officer and independent member of the advisory board at the agency. She holds an LLB in Private International Law from Kings College UoL, an LLM from the Université de Pathéon-Sorbonnes, an MBA in Finance from the Wharton School and was the President Elect of the Board of the Swiss CFA society during 2012-2013. After working in various locations for the World Bank Group, Price Waterhouse and other influential international organizations she founded her own consultancy company in Switzerland. Jacqueline has an extensive career in the public and private sector world-wide and currently is an executive and independent non-executive member of the board of several leading Swiss and non-Swiss companies.