The Company’s corporate governance system is based on the requirements of Russian legislation and leading international practices. For us, the trust of investors, shareholders and other stakeholders is one of the tools for increasing business efficiency and strengthening our competitive position.
Structure of the Corporate Governance at Irkutsk Oil Company
Corporate Secretary
Ongoing interaction with shareholders, coordination of the company’s actions to protect the rights and interests of shareholders, support for the effective work of the Board of Directors
Internal Audit Department
Organization and implementation of internal audit and internal financial audit
General Director
Sole executive body. Manages day-to-day operations
Audit Committee of the Board of Directors
Preliminary consideration of issues related to control over financial and economic activities, resolution of other financial and economic issues
Sustainable Development, ESG and IMS Committee of the Board of Directors
Preliminary consideration of issues in the field of sustainable development, ESG and integrated management system
Board of Directors
Strategic management body. Supervises the activities of the sole executive body, determines the main principles and approaches to the organization of sustainability and ESG systems, risk management and internal controls
Independent auditor
Audit of the company’s annual financial statements prepared under both Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS)
Internal Audit Commission
Permanent elected body. Exercises control over the financial and economic activities of the company, activities of management bodies and officials by means of documentary and actual inspections
General Shareholders Meeting
Supreme management body. Shareholders participate in the management of the company primarily by deciding on the most important issues at the general meeting
Basic principles of corporate governance
Equal treatment of all shareholders, including minority shareholders. Providing shareholders with the most favorable opportunities to exercise their rights and legitimate interests in the easiest and most convenient way possible.
Implementation by the Board of Directors of strategic management of the Company and effective control over the activities of its executive bodies.
Accountability of the members of the Board of Directors of the company and its shareholders.
Active engagement with investors, creditors and other stakeholders to increase the assets, value of shares and other securities of the company.
Implementation of ethical norms and rules in the company’s activities.
Contacts
Documents
Corporate Governance Code of JSC INK-Capital