Board of Directors
Annual General Shareholders’ Meeting elected new Board of Directors on June 19, 2009:
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Non-executive director, Chairman of the Board of Directors
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Executive director, President
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Non-executive director
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Independent non-executive director
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Independent non-executive director
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Non-executive director
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Non-executive director
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Non-executive director
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Independent non-executive director
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In accordance with Rosneft’s Charter, the Board of Directors is responsible for general management of the Company except for certain matters within the authority of Rosneft’ General Shareholders Meeting, as provided for by applicable Russian legislation and the Company’s Charter.
As the key element of Rosneft’s corporate governance system, the Board of Directors ensures efficient management of the Company and control over its executive bodies, continuous and dynamic interaction among all corporate functions, and protection of shareholder rights.
Members of Rosneft’s Board of Directors are elected by the General Shareholders Meeting for a term until the close of the next Annual General Shareholders Meeting.
Rosneft’s Board of Directors consists of nine members, and has a balanced combination of executive, non-executive, and independent directors (independent members hold one-third of the Board’s seats).
The Board’s principal role, powers, and functions are regulated by the following internal documents:
Rosneft’s Charter
Regulation on Rosneft’s Board of Directors
Rosneft’s Corporate Governance Code
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