The remuneration of the members of the Management Board of “Rosneft” amounted to 2.8 billion roubles at the end of 2014, as the company’s statement said.
The Management Board of “Rosneft” includes the Head, the First Vice President, the Vice President, the Chief Financial Officer and others - a total of 13 people. The remuneration amount of the Management Board was not disclosed in 2013.About 60 percent of the remuneration structure falls to its variable part depending on the manager’s individual performance and the performance of the company as a whole. The average total income of a member of the Management Board of “Rosneft” complies with the international standards in the sectors and performance indicators, according to the statement. The statement also declares that in order to avoid a conflict of interests, the top-managers of “Rosneft” and their family members do not participate in any activities of contractors and service organizations providing services of the company and are not beneficiaries of the related activities.
Author: Anna Dorozhkina