Management
MANAGMENT
In accordance with the Charter of TOO “RAU PETROLEUM”, the Company’s supreme management body is the General Meeting of Shareholders. The Company’s Board of Directors ensures strategic management of the Company’s activities.
The Board of Directors has established the Audit Committee and the Staff and Remunerations Committee. These Committees are of an advisory and consultative nature and shall ensure effective performance of the duties by the Board of Directors.
OPERATION
The day-to-day operation of TOO “RAU PETROLEUM” is governed by the General Director of the Company (the sole executive body).
Operational management of the Company is carried out by TOO “RAU PETROLEUM” sole executive body (the Chief Executive Officer) and collective executive body (the Management Board).
The Company’s executive bodies are accountable to Nem Oil’s Board of Directors and the General Shareholders Meeting.