The Company’s corporate governance system is based on the requirements of the Russian legislation, the requirements of the Moscow Exchange listing rules, the principles of the Corporate Governance Code recommended for use by the Bank of Russia, international standards of corporate governance and business ethics, governments and UN goals for sustainable development.
Basic principles of corporate governance of the company
Respect and protection of shareholders’ legal rights
Decision making based on consistency and collegiality
High professionalism of the board of directors
Progressive and transparent dividend policy
Informational openness and transparency
Ethical and human rights
Rejection of corruption in all its forms
RIORITIES OF CORPORATE MANAGEMENT
PREVENTION OF POSSIBLE CONFLICTS OF INTERESTS
The issues of preventing and minimizing possible conflicts of interest among members of the Board of Directors are in the area of increased attention of the Company. To prevent possible conflicts of interest in the Company, certain restrictions and requirements are imposed on members of the Board of Directors. Thus, in accordance with the Regulation on the Board of Directors of PJSC TATNEFT, a member of the Board of Directors must refrain from actions that would or could lead to a conflict of interest. There were no conflicts of interest of members of the Board of Directors in the reporting year.