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, including:

  • Evaluation of the performance of the Board of Directors as the Company’s governing body
  • Evaluation of activities of the Board of Directors / 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 evaluation confirmed the high level of management and effectiveness of activities of the Board of Directors and its Committees.

Just like in 2018, members of the Board of Directors highly appreciated the effectiveness of interaction with the Company's management and the work of the Chairman of the Board of Directors.

It was recommended to increase the number of in-person meetings of the Board of Directors in order to improve the efficiency of the work of the Board of Directors.