Ferrexpo and its management believe in conducting their affairs in a fair and transparent manner, and in maintaining high ethical standards in their dealings with all relevant parties. The Board and management are committed to following good corporate governance practices, including complying with the UK Combined Code, and with all of the relevant regulations in Ukraine and Switzerland.

• The company has a formal Code on Corporate Responsibility and Business Ethics.
• The day-to-day management of the Group’s operational and financial affairs is the responsibility of the Executive Committee.
• The Board of Ferrexpo plc, currently consisting of a Non-Executive Chairman, two executive Directors and six Non-Executive Directors, set the strategy, approve the major financial commitments and reporting items and ensure that the Group complies with its statutory obligations.
• The Supervisory Board of Ferrexpo Poltava Mining ensures that the operations in Poltava comply with Ukrainian requirements and reporting. The Executive Committee meets once a month and the Board will meet at least quarterly.
• Ferrexpo has a separate internal audit department to ensure that financial procedures are correctly adhered to and that risks are identified and monitored. The internal audit department reports to the Board of Ferrexpo plc.