Dmitri Medvedev, Chairman of RF Government, has signed an order on nomination of candidates for the election of the state representatives in the Boards of Directors and Audit Commissions of OJSC Rosneft and OJSC Transneft, press center of RF Government informs.
The Order was elaborated by RF The Ministry of Economic Development and Trade in compliance with the requirements of the Federal Law of the Russian Federation from December 26, 1995 of No. 208-FZ "About joint-stock companies" and the Decree of the Government of the Russian Federation No 738 dated December 3, 2004 On management of federally held shares in open joint-stock companies and the application of the Russian Federation’s special right in the governance of open joint-stock company («gold share») and the charters of the joint stock companies, the statement reads.
Taking into consideration that the Russian Federation holds 100% of Transneft, the decision on nomination and election of BoD members is made by the sole shareholder at the annual general meeting.
The lists of the candidates to be nominated for management and control bodies of the both joint stock companies for 2013–2014 corporate year have been formed basing on the proposals of the federal executive bodies in compliance with norms set up by the Decree of RF Government No 738 dated December 3, 2004. The lists were approved by the Administration of RF President.
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