print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Rosneft Oil Company press releases

Rosneft Oil Company

May 13, 2014

Rosneft announces performance of instructions from President and Government of the Russian Federation on Company officials' and their family members' filing income statements

Rosneft hereby announces performance of the instructions from the President and Government of the Russian Federation on Company officials’ and family members’ filing information about their income, property, and liabilities.
The following top managers have filed their statements to authorized agencies:

Igor Sechin – President, Chairman of the Management Board

Eric Maurice Liron – First Vice President

Andrey Votinov – Vice President for Capital Construction

Marina Guryeva – Chief Accountant

Larisa Kalanda – State Secretary – Vice President

Yury Kalinin – Vice President for HR and Social Policy

Didier Casimiro – Vice President for Commerce and Logistics

Andrey Lazeev – Vice President – Chief Geologist

Igor Maydannik – Vice President for Legal Support

Vladimir Milovidov – Vice President for Innovation

Igor Pavlov – Vice President for Refining and Petrochemical

Vlada Rusakova – Vice President

Zeljko Runje – Vice President for Offshore Projects

Svyatoslav Slavinsky – Vice President for Economics and Finance

Rashid Sharipov – Vice President, Head of Rosneft President Office.

Andrey Shishkin – Vice President for Power and HSE

The Company also announces that in line the UN Convention Against Corruption dated October 31, 2003 that the Russian Federation ratified in 2006 and with the Federal Law on Countering Corruption adopted in furtherance of the above Convention, Rosneft, an international public company, has put in place internal regulations for improving transparency and countering corruption, including the Policy on Combating Involvement in Corruption Activities and the Policy on Combating Corporate Fraud (both available at the Company’s website). The said corporate regulations define a list of officials who must file information about their and their spouses’ and minor children’s income, property, and liabilities. The list includes the President, Vice Presidents, Chief Accountant, heads of departments and their deputies, heads of divisions and their deputies, directors of Subsidiaries and their deputies.

To avoid conflict of interests, supplements to employment contracts have been signed with the said Company officials that stipulate their obligation to provide the indicated information about themselves and their family members, control mechanisms to ensure the obligations, requirements, prohibitions, and limitations are respected, conflict of interests resolution mechanisms, implications of failing to respect the obligations, requirements, prohibitions, and limitations. The supplements signed with the officials listed above limit the amount of shares they can hold in public companies either competing or not competing with the Company to 1%. Information about the Company top managers’ shareholding is public and is available at the Company’s website.

In addition, the Company has a number of other internal regulations to mitigate legal and reputation risks. In particular, the Company has a Code of Business Ethics which is binding for all Company managers and employees. The Company operates an electronic Code violation notification system.

Rosneft Board of Directors that includes Robert Dudley, Matthias Warnig, John Mack and Donald Humphreys undertakes regular assessments of corruption risks present in the industries and jurisdictions where the Company operates and reviews all identified instances of conflict of interests and takes necessary response actions, up to employment termination. Since the said procedures were enacted, employment of a number of workers has been terminated who committed gross violations of the Company’s standards. Relevant materials have been submitted to Russian law enforcement agencies.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer