“Rosneft” has disclosed the income of members of the Board – Bulletin

"Rosneft" has disclosed the income of members of the Board – Bulletin

« » Yesterday for the first time published information on the income of the Board in the report under RAS for the IV quarter of 2014 For the 13 members of the board ?? President Igor Sechin, the first vice-president Eric Liron, 10 vice-presidents, chief financial officer Peter Lazarev ?? received 2.8 billion rubles. ( $ 74 million at the average exchange rate in 2014). Of this amount, 743 million rubles. ?? wages, 1.2 billion rubles. ?? award, the rest ?? compensation and other emoluments. The total income of the members of the Board « Rosneft” in 2013 is unknown. The representative did not respond to a request. Members of the board « Rosneft” does not receive remuneration for their work in the management bodies of state company and its su bsidiaries and affiliates ?? in contrast, for example, from top managers « ». Three members of the board to work part-time shall receive compensation at the level of the established minimum wage, indicating « Rosneft».

On average, one board member state-owned company had 215.4 million rubles. ( $ 5.7 million at the average exchange rate in 2014). It’s more than paid for « Gazprom” and « » ( see. table on www.vedomosti.ru ). In 2014, each member of the board of gas monopoly has received an average of 150 million rubles. ( the total amount of 2.5 billion rubles . ( + 43% by 2013.), « Lukoil” ?? 105 million rubles ( the total amount of 1.5 ?? bln., which is twice less than in 2013.).

« Average gross income of the members of the Board ?? Rosneft ?? comply with international standards in the industry and performance indicators “, ?? said in a press release from state-owned companies. The size of the salaries of top managers of Russian companies in general corresponds to the size of payments in foreign companies, Chairman of the Board of Directors agrees Top Contact Arthur Shamilov.

In the structure of remuneration « Rosneft” about 60% is a variable part that depends on the individual performance management and performance of the company as a whole, according to a press release. « Rosneft “does not disclose how much it received every top manager, but reported that Sechin for his work on the Board of Directors of the « “received 2,970,000 rubles., who transferred to the charity. He also serves on the boards of directors of « Rosneft”, Italian Saras SpA, of « Far Eastern Shipbuilding and Repair Center”, St. Petersburg International Commodity Exchange, Pirelli & amp; C. SpA

In July 2013 adopted a resolution requiring the heads of state-owned companies and their family members to disclose their income. But the president « Rosneft”, as well as President Railways Vladimir Yakunin and preboards « Gazprom “Alexei Miller did not do it publicly. In December 2014 the government specified that information on income should be published on the company website ( has not happened yet). At the same time, President Vladimir Putin said he did not know what the annual salary of Sechin. But he knows that the employees of large companies earn solid. Putin added that their salaries should not be compared with the average earnings in the country, and with the salaries of their counterparts in the same Western companies.

Remuneration President BP Robert Dudley in 2013 was $ 4.2 million, of which $ 1.8 million ?? salary. Salary former head Shell Peter Voser in 2013 was 1.6 million euros, and taking into account bonuses and other benefits ?? 5.9 million euros.

According to Forbes, the remuneration Sechin in « Rosneft” in 2014 . could reach $ 17.7 million. The formula takes into account the calculation of the average for the oil and gas companies the proportion between the remuneration of individual members of the board, depending on the position occupied by them, says the publication. It is not known whether the Company’s published includes a total consideration of payment in kind. In the Forbes list of highest paid top managers at the end of 2013 Sechin took second place ( without income) between President Andrei Kostin ( $ 37 million) and preboards « Gazprom” Alexei Miller ( $ 25 million).

In 2013, the remuneration of key management personnel « Rosneft” was 8 billion rubles., in 2012 and 2011 . respectively 9 billion and 4 billion rubles. According to the results in 2013. The members of the Board of Directors for the first time since 2009 received the reward money of about $ 4 million. Sechin and Dudley did not receive remuneration for serving on the board.

The situation in the economy, devaluation of the ruble, the decline in world oil prices force companies, including the state, or to reduce payments to top managers, or not to raise them, said Shamil. The current growth of remuneration reflects the trend is more or less successful in 2014, he adds. In the past, some companies have increased the average amount of remuneration for top manager ?? « Gazprom», « », « », « », « », « », « », « Inter RAO”, while others have reduced ?? « Lukoil», « », Russian Railways, « ».