governance is of decisive importance for companies in a free and increasingly
competitive market. Companies need an efficient structure, defining relations
between the BoD, management and shareholders, and offering assurance to
investors that their money is being used to strengthen the company and thus
increase market capitalization.
LUKOIL’s system of corporate governance is intended to create and
maintain solid relations of trust with investors and shareholders, making the
Company more attractive for investment.
describes the interaction between LUKOIL and its shareholders, showing how
overall Company management functions and how shareholders exercise control over
of the Board of Directors
of Directors and Management Committee Members in Company Share
General Meeting of Shareholders
Documents of the Company