Russia’s Rosneft bd reward for ’15 can decline 43%

MOSCOW, May 16 (PRIME) -- The board of directors of Russian oil major Rosneft has recommended the shareholders approving a decrease in payments to the board of directors for 2015 by 43% as compared with 2014 to U.S. $2.27 million, according to Rosneft’s documents seen by PRIME on May 15.

The shareholders will consider the step at an annual general meeting scheduled for June 15.

An official of the company told PRIME that the decrease is due to appointment of two state officials as members of the board, the officials have limited rights for bonuses, and a refusal of board member Guillermo Quintero Ordonez from payment.

The official said that Rosneft still assesses the payments to the board in U.S. dollars in order to be attractive for highly qualified specialists from abroad.

According to a statement of the company, Rosneft can also rename the official title of its head to CEO from the president.

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