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« January, 2021
Mo Tu We Th Fr Sa Su
Board Audit Committee Performance

The Board Audit Committee functioned on the basis of semi-annual plans. From June 04, 2019 to June 02, 2020 the Committee held 18 meetings. 

During the specified period 41 items were reviewed by the Committee, including:

  • the Company's financial statements and the findings of their audits (on a quarterly basis);
  • the plans for Rosneft Board Audit Committee meetings for the second half of 2019 and the first half of 2020;
  • approval of the plan of the audit of the Company's financial statements;
  • endorsement of Internal Audit's action plan and performance reports;
  • the report on  internal investigations results in Rosneft in 2019;
  • the Rosneft candidate auditor and establishment of auditor's fee;
  • preliminary review of Company's profit distribution upon the performance results for 2019 and dividend payout;
  • the draft Annual Report for 2019 with the recommendation “to approve”;
  • the Company's Long-Term Development Program performance audit findings;
  • the Committee's activity reports for 2019;
  • issuance of the recommendation for the Board of Directors to approve the Company Policy “In the Area of Working Capital Management” and Amendments to the Company Policy “On Internal Audit”.

During the reporting period the Committee Chairman held regular working discussions and conference calls with the Сommittee members and top managers of the Company, leaders of the structural units dealing with preparation of pre-reads for the Committee. 

The Committee delivered in full all the assigned tasks over the stated period.