Management of TATNEFT Company is performed in accordance with the Articles and the Code of Corporate Management of the Company. The supreme management body of PJSC TATNEFT is the General Meeting of Shareholders.
General management of the Company’s activities is performed by the Board of Directors elected annually by the General Meeting of Shareholders. The Board of Directors approves strategic tasks; production and financial plans of the Company’s activities, as well as coordinates fundamental matters of the day-to-day development of the Company. The Board of Directors of PJSC TATNEFT consists of 15 persons, including three independent directors.
THE COMPANY’S MANAGEMENT SYSTEM
For the purpose of coordinating interaction of the Board of Directors with the executive bodies of the Company and assisting in improvement of the corporate management practice there are four committees functioning under the Board of Directors:
- Audit Committee,
- Information Disclosure Committee,
- Corporate Management Committee,
- HR and Remuneration Committee.
The membership of the committees is annually approved by the Board of Directors.
Operational management of the Company’s day-to-day activities is performed by the General Director and the Management Board. The General Director is a Chief Executive Officer and he heads the Management Board. TheManagement Board is a collegial executive body consisting of 15 persons. The General Director and the Management Board are accountable to the Board of Directors and General Meeting of Shareholders.
General Director arranges the Company’s day-to-day operations through his Deputies, Executive Board and Executive Office services (Departments and Offices), structural divisions, as well as through authorized representatives of the Company in the management bodies of the subsidiary and affiliated companies.
The Company's controlling body is the Audit Commission, which monitors the financial and economic activities of the Company and is accountable to the General Meeting of Shareholders.