OREANDA-NEWS. July 02, 2012. The meeting of the Board of Directors of TATNEFT in the new approved composition was held in Almetyevsk immediately after the completion of the Company's General Shareholders' Meeting, which elected R.N. Minnikhanov, President of the Republic of Tatarstan, as Chairman of the Board, reported the press-centre of TATNEFT. 

The Board of Directors reviewed the results of TATNEFT budget execution five months of 2012, and approved the budget for July and the third quarter of the current year.

The Board of Directors approved the composition of TATNEFT's Board of Directors Committees: Audit Committee (chaired by S. Ghosh, Independent Director, Member of the Board of Directors of TATNEFT), HR and Remuneration Committee (chaired by D. W. Waygood, Independent Director, Member of the Board of Directors of TATNEFT), Corporate Management Committee (chaired by V. I. Gorodny, Deputy General Director, Head of Property Department of TATNEFT, Member of the Board of Directors of OAO TATNEFT) and Information Disclosure Committee (chaired by V.P. Lavushchenko, Deputy General Director, Member of the Board of Directors of TATNEFT).

The meeting also discussed several other issues of TATNEFT's activities.