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« July, 2021
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Main page Corporate governance Board of Directors Committees of Board of Directors Board Strategy and Sustainable Development Committee
Board Strategy and Sustainable Development Committee1

Structure of the Board Strategy and Sustainable Development Committee:

  • Robert Dudley (Chairman of the Committee)
  • Alexander V. Novak (Deputy Chairman of the Committee)
  • Faisal Alsuwaidi
  • Hamad Rashid Al-Mohannadi
  • Karin Kneissl

Committee’s objectives and functions

The Committee's primary objective is to provide assistance to the Company Board of Directors in the strategic management of the Company’s activities, in its work to protect Company shareholders' interests via exercising control of the Company strategy and sustainable development.

Key functions of the Committee are as follows:

  • Participate in establishing priority areas of Company  business, assessment of strategic initiatives from Company senior executives with regard to development and implementation control of the Company Strategy and business area specific strategies of the Company;
  • Analyze principal trends of the Russian current economic policy in relation to the Company activities and communicate relevant information to the Company Board of Directors;
  • Participate in control of Company Business Plan delivery;
  • Assess efficiency of the Company interaction with investors and shareholders of the Company.

The Committee provides assistance to the Board of Directors in the following areas of its competence:

  • identification of the Company strategic objectives and development milestones, including the Company goals in social, environmental responsibility and  governance area (ESG);
  • assessment of the Company long-term efficiency and the contribution to the achievement of the UN global sustainable development goals;
  • assurance of strategic and business planning;
  • formulation of the Company policy with regard to Subsidiaries;
  • within the competence specified in the Company Charter pertaining to the corporate structure

The Committee's performance in the reporting corporate period.

The Committee’s functions and mechanisms of interaction with other corporate bodies are governed by the Regulation of Rosneft Oil Company On Rosneft Board Committees.

1 The Committee was renamed in April 2020.