PJSC Tatneft. Annual report 2017
A A
PJSC Tatneft. Annual report 2017

Corporate secretary

KHISAMOV Rustam Minnegaziyevich
Corporate secretary, Head of the TATNEFT Corporate Secretary’s Office until October 22, 2017

Since November 6, 2017, Damir Maratovich Gamirov, Deputy Head of the Corporate Secretary’s Office of TATNEFT, has been acting corporate secretary.

The corporate secretary enjoys appropriate level of independence from the executive bodies of the Company and has necessary authority and resources to perform his tasks.

The corporate secretary acts in accordance with the Charter of the Company and the Regulation on the Corporate Secretary.

The goals of the corporate secretary are as follows:

  • To ensure compliance with the requirements of corporate legislation, the Charter, and internal documents of the Company that guarantee implementation and protection of the rights and interests of shareholders.
  • To ensure efficient corporate governance system and proper interaction of all participants of corporate relations, including subsidiaries and affiliates, to improve the investment appeal of the Company and the growth of its capitalization.
  • To develop and improve corporate governance in the best interest of its shareholders.

Principal functions of the corporate secretary:

  • To provide for efficient realisation by the Company, its subsidiaries and affiliates of corporate procedures relating to implementation of rights of shareholders and other participants of corporate relations of the Company.
  • To provide for the preparation and holding of General Shareholders’ Meetings and meetings of the Board of Directors, including compilation of materials for meetings of the Board of Directors in accordance with internal documents of the Company.
  • To provide for functioning of the committees of the Board of Directors of the Company and coordinating their activities.
  • To provide for interaction between the Company and exchanges, the registrar, depositories, state authorities supervising corporate relations and securities market and with other professional participants of the securities market within the scope of authority vested in corporate secretary.
  • To ensure compliance with the requirements for disclosure of information, provision of documents and information upon shareholders’ requests, control of the effectiveness of corporate mechanisms for disclosure of information, and proper storage of corporate documents of the Company.
  • To compile a list of information classified as insider information, work with insiders, control of insiders’ transactions with securities of the Company.
  • To ensure interaction between the Company and its shareholders and participate in preventing corporate conflicts.
  • To monitor compliance of the Company with the requirements of corporate legislation, terms of internal documents of the Company, and the rights of shareholders in terms of necessary measures within the scope of authority of the corporate secretary to eliminate such violations and minimize the consequences of such violations.

Corporate Secretariat

Scope of authority of the corporate secretary’s office includes maintaining effective system of interaction of all participants of corporate relations, including subsidiaries and affiliates; monitoring how the Company, subsidiaries, and affiliates follow corporate procedures relating to implementation of the rights of shareholders and other participants of corporate relations; arranging interaction between the Company and the special registrar, depositories, and state authorities authorized to regulate corporate relations and securities market, as well as with other participants of the securities market.

The corporate secretary’s office secures the organization of and monitors compliance with applicable legislation of public disclosure of information, including during preparation and disclosure of information in the annual report, quarterly reports of an issuer, material facts, and documents and information associated with the issuance and circulation of securities on the organized stock market, provision of documents and information upon shareholders’ requests, and proper storage of corporate documents of the Company.

With aim to improve effectiveness of corporate procedures, the corporate secretary’s office monitors the effectiveness of current procedures of the Company and is to prepare annual report to the Board of Directors, regarding the state of corporate governance in the Company and its prospects for its development.

Report on corporate governance must be compliant with the Rules of Exchange Trade and requirements for disclosure of information on corporate governance in the Company to all interested persons.