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CORPORATE GOVERNANCE

Limited Liability company “Holding Company “ExOil group” is the parent company of a dynamically developing agroindustrial holding. The holding includes LLC “Trading House “Chernozemye”, LLC “Chernozemye” – the oil extraction plant, transport company LLC “AB Trans” (hereinafter – Group of Companies).

As the parent company of the Group of Companies LLC “HC “ExOil group” issues to Board of directors instructions concerning the realization of key financial, economic and other performance indicators of Group of Companies’ activity, as well as providing the General Directors with mandatory instructions for any activities of Group of Companies.

The corporate governance within the Group of Companies is as follows:

1. CORPORATE GOVERNANCE IN LLC “HC “EXOIL GROUP”

The governing bodies of LLC “HC “ExOil group” are

  1. General meeting of members;
  2. Board of Directors;
  3. Sole executive body – Chief Executive Officer (CEO).

The supreme body of LLC ”HC “ExOil group” is the General meeting of members.

The collegial governing body is the Board of Directors that has the authority to develop  the priority activities of LLC “HC “ExOil group”,  to carry out activities concerning the realization of key financial, economic and other performance indicators of LLC “HC “ExOil group” activity and in this regard implementation representative functions and monitoring.

On the basis of the Minutes of the General Meeting of Participants (dated 05.04.2019) the following members were elected to the Board of Directors:

  • Romodanovsky Konstantin Olegovich;
  • Zurabov Mikhail Yurievich;
  • Vanetsyan Karen Robertovich.

The Sole executive body of LLC “HC “ExOil group” is the Chief Executive Officer – Khandkaryan Armen Shagenovich.

    2. CORPORATE GOVERNANCE IN LLC “CHERNOZEMYE”

    The governing bodies of LLC “Chernozemye” are:

    1. General meeting of members;
    2. Board of Directors;
    3. Sole executive body – Chief Executive Officer (CEO).

    The supreme body of LLC “Chernozemye” is the General meeting of members.

    The collegial governing body is the Board of Directors that has the authority to develop  the priority activities of LLC “Chernozemye”,  to carry out activities concerning the realization of key financial, economic and other performance indicators of LLC “Chernozemye” activity and in this regard implementation representative functions and monitoring.

    On the basis of the Minutes of the General Meeting of Participants (dated 10.04.2019) the following members were elected to the Board of Directors:

    • Romodanovsky Konstantin Olegovich;
    • Zurabov Mikhail Yurievich;
    • Khandkaryan Armen Shagenovich.

    The Sole executive body of LLC “Chernozemye” is the Chief Executive Officer – Reznov Dmitry Vladimirovich.

     

      3. CORPORATE GOVERNANCE IN LLC “ TH “CHERNOZEMYE”

      The governing bodies of LLC “TH “Chernozemye” are:

      1. General meeting of members;
      2. Board of Directors;
      3. Sole executive body – Chief Executive Officer (CEO).

      The supreme body of LLC “TH “Chernozemye” is the General meeting of members.

      The collegial governing body is the Board of Directors that has the authority to develop  the priority activities of LLC “TH “Chernozemye”,  to carry out activities concerning the realization of key financial, economic and other performance indicators of LLC “TH  “Chernozemye” activity and in this regard implementation representative functions and monitoring.

      On the basis of the Minutes of the General Meeting of Participants (dated 10.04.2019) the following members were elected to the Board of Directors:

      • Romodanovsky Konstantin Olegovich;
      • Zurabov Mikhail Yurievich;
      • Khandkaryan Armen Shagenovich.

      The Sole executive body of LLC “TH “Chernozemye” is the Chief Executive Officer – Kazakov Andrey Anatolyevich.

      4. CORPORATE GOVERNANCE IN LLC “AB Trans”

        The governing bodies of LLC “AB Trans” are:

        1. The sole member of LLC “AB Trans” – LLC “HC “ExOil group”;
        2. The sole executive body is – the CEO – Kazaryan Artashes Sarkisovich.