The current corporate governance system at Galkynysh Gas Field is designed to ensure the adoption of effective decisions that contribute to the progressive and sustainable development of the company in the interests of all its shareholders.
Much of the Board’s effort and attention in 2021 has been focused on stabilising the financial position of the Group and looking to secure its future, whilst at the same time ensuring that our employees and contractors remained safe. In the field of management activities, Galkynysh Gas Field relies on international experience, the practice of Russian business leaders, and national corporate governance standards.
Your Board rigorously challenges strategy, performance, responsibility and accountability to ensure that every decision we make is of the highest quality.
Your Board continuously evaluates the balance of skills, experience, knowledge and independence of the directors.
All of our decisions are discussed within the context of the risks involved. Effective risk management is central to achieving our strategic objectives.
Our remuneration policy and practices aim to attract, retain and motivate by linking reward to performance.
Relations with shareholders
The Board seeks to engage with shareholders regularly.