Evaluation of the Board of Directors’ Performance

In order to ensure more efficient operation, the Board of Directors approved the Regulations on Evaluation of Transneft’s Board of Directors’ Performance.

In March 2019, an internal performance evaluation of the Company’s Board of Directors (self-evaluation) was carried out using a questionnaire (hereinafter referred to as the Evaluation), including:

  • Evaluation of the performance of the Board of Directors as the Company’s governing body;
  • Evaluation of activities of members of the Board of Directors/the Chairman of the Board of Directors;
  • Evaluation of activities of the Committees under the Board of Directors.

The Evaluation assessed the work of the Board of Directors for the period since 30 June 2018. The results were considered at the meeting of the Company’s Board of Directors on 17 May 2019 (Minutes No. 7). The key results of the Evaluation were presented in the Company’s Annual Report for 2018.

In 2020, an external evaluation of the Board of Directors’ performance is planned.