PJSC LukOil Result of BoD meeting (1914S)
June 21 2018 - 10:51AM
UK Regulatory
TIDMLKOD
RNS Number : 1914S
PJSC LukOil
21 June 2018
The Board of Directors meeting was held after the Annual General
Shareholders Meeting where Valery Grayfer was elected Chairman of
the newly elected Board of Directors of PJSC LUKOIL and Ravil
Maganov was elected Deputy Chairman of the Board of Directors of
PJSC LUKOIL.
The Board of Directors of PJSC LUKOIL also recognized Victor
Blazheev and Igor Ivanov as independent members of the Board of
Directors despite the formal criteria of association with the
Company resulting from their service on the Board of Directors
exceeding 7-year tenure. This association does not affect their
ability to make independent, objective and bona fide judgements
based on their professional experience and knowledge. This
procedure was carried out pursuant to the Company Charter, the
Moscow Exchange Listing Rules and the Corporate Governance
Code.
Among other things it was noted in the resolution that the term
of office of V.Blazheev and I.Ivanov on the Board of Directors does
not exceed 12 years*. Besides V.Blazheev and I.Ivanov:
- had not been or currently are employed by the Company,
- are not members of the executive bodies of the Company or its controlled entities,
- do not own any shares in the Company,
- had not received and do not receive any compensation from the
Company or its affiliates other than their remuneration for
performing their duties as members of the Board of Directors and
its committees,
- had not rendered and do not render consulting services to the Company or its affiliates.
- have no affiliation with significant shareholders, significant
counterparties or competitors of the Company, governmental
authorities or municipalities.
The Board of Directors formed the committees of the Board of
Directors comprising as follows.
The Audit Committee:
1. Victor Blazheev (Chairman)
2. Igor Ivanov
3. Ivan Pictet
The Human Resources and Compensation Committee
1. Roger Munnings (Chairman)
2. Victor Blazheev
3. Richard Matzhke
The Strategy and Investment Committee
1. Igor Ivanov (Chairman)
2. Toby Gati
3. Ravil Maganov
4. Leonid Fedun
* Pursuant to the Moscow Exchange Listing Rules, a member of the
Board of Directors whose term of office in aggregate exceeds 7
years but does not exceed 12 years may not be deemed associated
with the company if the company's board of directors takes a
relevant decision.
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END
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June 21, 2018 10:51 ET (14:51 GMT)
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