TATNEFT : Updated the Company’s Personnel Management Strategy

The Board of Directors approved the updated HR management strategy of the TATNEFT Group.

A meeting of the Board of Directors of PJSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, considered the updated HR management strategy of the TATNEFT Group until 2025, including current trends and challenges, targets and strategic priorities.

The strategy provides for the implementation of activities and projects aimed at improving the efficiency of the processes of selection, recruitment and development of the personnel; intensification of compensation programs, benefits and guarantees; increasing the staff satisfaction and envolvement; management of employees' competencies, taking into account technological changes and new challenges.

The Board of Directors approved a new version of the Regulations "On the Insider Information of PJSC TATNEFT named after V.D. Shashin". In particular, the changes were made to the rules for protecting confidentiality of the insider information and the internal control over the information use; clarified the list of persons to be included in the list of the insiders; the procedure and deadlines for sending responses to the insider requests, etc.

The meeting approved a new version of the Company's Information Policy, which regulates the principles of free and easy access to the information about the Company's activities, as well as the amount of the information subject to public disclosure. The policy takes into account the interests of the shareholders, potential investors and other interested parties. The new version takes into account the requirements of domestic and international legislation for the disclosure of information, as well as recommendations of the Bank of Russia.

The Board approved amendments to the Regulations "On the Dividend Policy of PJSC TATNEFT named after V.D. Shashin" in accordance with the best corporate management practice. Therefore, the materials for the general meeting of the shareholders will include a rationale for the proposed net profit distribution and an assessment with explanations and economic justification.

As part of the planned agenda, the meeting participants got acquainted with the budget execution results for eight months of 2022, as well as approved the budget for October and the fourth quarter of the current year, and they also considered a number of other issues related to the current activities of TATNEFT.