Corporate Governance

Signal oil builds a corporate governance system in strict accordance with the requirements of Russian legislation, the principles of openness and transparency.

The main areas of corporate governance policy of Signal oil are:

      » unconditional observance of the interests and protection of the rights of shareholders;
      » introduction of unified management standards in all structures of the Company;
      » improvement of the information policy of the Company and internal control systems;
      » implementation of the principles of information openness and transparency;
      »  constructive interaction with investors, employees, business partners of the Company;

The Company's corporate governance structure is based on several basic principles:

    » transparency of all processes for shareholders, investors and partners;

    » an active and professional Board of Directors;

    » consistency and collegiality in decision-making.

The main governing bodies of Signal oil are:

      » General Meeting of Shareholders
      » Board of Directors
      » General Director (sole executive body)

The principles and procedures for corporate governance of Signal oil are enshrined in the Articles of Association and a number of other publicly available internal documents, which together determine the structure and competence of the Company's management and control bodies. The Corporate Governance Code and the Code of Business and Corporate Ethics contain additional obligations of Signal oil in the field of openness, social responsibility, and ethical business principles.