Corporate control Print version

The system of the Company’s corporate control ensures adherence to all adopted norms of corporate practice on the basis of analysis and evaluation of:

• financial and economic activity;
• business processes by the activity areas;
• state of the property complex and assets;
• application of uniform corporate standards;
• fulfillment of current plans;
• efficiency of use of all types of resources.

The corporate control system covers the Executive Board of OAO TATNEFT, structural subdivisions, and affiliate and associated companies.

Main functions of the corporate control are executed by the Corporate Control Department and the Internal Audit Department, which are directly accountable to the General Director of OAO TATNEFT.

In general control over financial and economic activity of the Company is performed by the Revision Committee, which is annually elected by the general meeting of shareholders and is accountable to the latter.

Print version