Results of BoD Meeting
LUKOIL BOARD OF DIRECTORS GRANTS TENTATIVE APPROVAL TO COMPANY 2014 ANNUAL REPORT
The OAO "LUKOIL" Board of Directors granted tentative approval to the 2014 Annual Report of OAO "LUKOIL", in Moscow today, in accordance with the Federal Law of the Russian Federation on Joint-stock Companies and the company's Charter. The document is recommended for approval at the General Shareholders Meeting of OAO "LUKOIL" which will take place on 25 June 2015 in Volgograd.
The Board of Directors also approved the 2014 Corporate Governance Report of OAO “LUKOIL” prepared in accordance with the UK FCA’s Disclosure and Transparency Rules. The Corporate Governance Report will be placed on the company’s website and submitted to the UK National Storage Mechanism.
The Board of Directors approved amendments to the terms of the contract with the company’s registrar, ZAO “Computershare Registrar”.
The Board heard a report on the development strategy for mature fields.
The Board of Directors heard a report on the performance of internal control, internal audit and risk management systems in the LUKOIL Group organizations.
The meeting approved the Board’s report on its own performance in 2014-2015 and gave it a favorable praise.