General Shareholders Meeting
The General Shareholders Meeting is the supreme governing body. In the reporting year, two General Shareholders Meetings were held – one Annual and one Extraordinary Meeting.
Annual General Shareholders Meeting
On 21 June 2018, Rosneft’s Annual General Shareholders Meeting was held in Krasnoyarsk, attended by holders of 92.5% of the Company’s shares.
The Annual General Shareholders Meeting approved the Annual Report, the Company’s Annual Accounting (Financial) Statements, and Net Profit Distribution of Rosneft for 2017 (including dividend payouts). The Meeting also elected the Board of Directors and the Audit Commission, determined their remuneration at the end of the reporting period, and approved the External Auditor of the Company.
The Meeting was broadcast live to shareholders in locations where the Company operates and on its production sitesGubkinsky, Izhevsk, Irkutsk, Komsomolsk-on-Amur, Krasnodar, Moscow, Nakhodka, Neftekumsk, Nefteyugansk, Nizhnevartovsk, Ryazan, Samara, St. Petersburg, Tyumen, Tuapse, Usinsk, Ufa, Khabarovsk, Yuzhno-Sakhalinsk, the Vankor field, and the Achinsk Refinery.. While viewing the broadcast, shareholders could ask their questions on the agenda.
Extraordinary General Shareholders Meeting
On 28 September 2018, Rosneft’s Extraordinary General Shareholders Meeting was held by absentee voting. The Meeting resolved to pay out dividend based on 1H 2018 results. The voting was attended by holders of 92.4% of the Company shares.
were fully complied with in 2018 as at 31 December 2018.
Board of Directors
The Board of Directors is elected by the General Shareholders Meeting and provides strategic management of the Company’s activities for the benefit of the Company and its shareholders.
A Chairman and Deputy Chairmen of the Board of Directors are elected at the first face-to-face meeting of the Board.
The responsibility of the Board of Directors and Management Board members, Chief Executive Officer and key employees is insured by the Company (see more in the section Civil liability for the Members of the Board of Directors and the Management).
Details on the membership and proceedings of the Board of Directors are disclosed on Rosneft’s official website.