The Articles of Association and Internal Documents
State representatives in the Transneft’s management bodies determine the strategic directions of its development and control its production and economic, financial activities. The Company’s Board of Directors includes independent directors, and specialized committees have been established under the Board of Directors.
The Committee on Strategy, Investment and Innovation is formed to prepare recommendations and proposals to the Board of Directors aimed at improving the efficiency of Transneft, its long-term strategy, as well as prioritizing scientific, technical and innovation policies in the pipeline transportation of oil and petroleum products.
The Audit Committee provides the Board of Directors with control over the Company’s financial and economic activities and it is designed to objectively and independently inform the members of the Board of Directors about the financial and economic condition of the Company and evaluate the effectiveness of internal control systems.
The HR and Remuneration Committee prepares proposals and recommendations to the Board of Directors aimed at improving the efficiency of Transneft's activities in the field of personnel policy, remuneration and reward systems.
The Committee on Strategy, Investment and Innovation is formed to prepare recommendations and proposals to the Board of Directors aimed at improving the efficiency of Transneft, its long-term strategy, as well as prioritizing scientific, technical and innovation policies in the pipeline transportation of oil and petroleum products.
The Audit Committee provides the Board of Directors with control over the Company’s financial and economic activities and it is designed to objectively and independently inform the members of the Board of Directors about the financial and economic condition of the Company and evaluate the effectiveness of internal control systems.
The HR and Remuneration Committee prepares proposals and recommendations to the Board of Directors aimed at improving the efficiency of Transneft's activities in the field of personnel policy, remuneration and reward systems.