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« December, 2019
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Activity of HR and Remuneration Committee

The Board HR and Remuneration Committee functioned on the basis of semi-annual plans. From June 21, 2018 to June 04, 2019 the Committee held 13 meetings.

During the specified period the Committee reviewed 25 items with providing recommendations to the Board of Directors on several items, including:

  • Provision of the recommendation to approve top managers' KPIs for 2019;
  • Assessment of feasibility of implementing the Long-Term Incentive Program for Top Managers at Rosneft;
  • Agreeing  the Company’s Sustainability Report for 2017;
  • Review of matters related to the Chief Executive Officer and Management Board members having positions in governing bodies of other companies;
  • Review of the results of the Board of Directors' self assessment of their performance for the 2017-2018 corporate year;
  • Assessment of compliance of G. Schröder, M. Warnig, O.V. Vyugin and H. Rudloff  (candidates to the BoD) with independence criteria;
  • Provision of recommendations to the Board of Directors to put on the Annual General Shareholders Meeting agenda the items on the remuneration and compensation of expenses to the members of the Board of Directors and the Audit Commission;
  • Approval of the Rosneft Regulation "On Induction of Rosneft Board of Directors and Management Board Members";
  • Provision of the recommendation to approve the Rosneft Board of Directors and Management Board Succession Plan;
  • Approval of the Board of Directors' Performance Improvement Plan and the relevant Completion Report.

The Committee delivered in full all the assigned tasks over the stated period.