Corporate Governance System

The Corporate Governance System outlines the principles of interaction between PJSC LUKOIL and its shareholders and other stakeholders, the management approaches to corporate activities, and the opportunities granted to the shareholders to monitor the activities of the Company’s management. An effective corporate governance system contributes to the attractiveness of the Company as an investment and, as a consequence, shareholder value. In terms of its corporate governance system, PJSC LUKOIL devotes particular attention to the protection of the rights of minority shareholders.

The Company’s management bodies are the General Shareholders Meeting, PJSC LUKOIL Board of Directors, the President, and the Management Committee. The President and the Management Committee direct the Company’s day-to-day activities, implementing the decisions of the Board of Directors and the General Shareholders Meeting. G4-34

  • For more details on the corporate governance structure, the competences of management bodies, the composition of the Board of Directors and the Management Committee, the participation of the Board of Directors and the Management Committee members in the management of the Company, remuneration system and other issues, see  2016 Annual Report, pp. 80-108.
  • The principal documents are available on the corporate website.
Corporate governance structure of PJSC LUKOIL
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