• About Integra
• Mission
• Strategy
• Our values and corporate principles
• Corporate Governance
  • Board of Directors
  • Board of Directors Committees
  • Management Board
  • Management Board Committees
  • Regulations and Policies

/ Reporting

31.08.2011

IFRS Financial Statements for 1H 2011 (.PDF - 0,8 mb)

/ Presentation

31.01.2012

Presentation for The Russia Forum 2012, January 2012 (.PDF - 0,9 mb)

Board of Directors

Our Board of Directors is responsible for the proper management and oversight of the Company, and meets regularly.  We have a strong non-executive element on our Board, with five out of the eight members of our Board serving in a non-executive capacity.

Membership:

	John B. Fitzgibbons Chairman Previous: Co-founder, former President and CEO, Khanty-Mansiysk Oil Corporation (KMOC) Non-executive director
	Iosif Bakaleynik Chief Financial Officer of SUAL Holding Previous: Former Chief Financial Officer and a Member of the Management Board, TNK Former Chairman of the Board and General Director of Vladimir Tractor Plant Non-executive director
	J. Robert Maguire Senior advisor to Morgan Stanley Previous: Former Managing Director, Morgan Stanley Former co-head of Morgan Stanley’s Global Oil and Gas Group Non-executive director
	John W. Kennedy Chairman of Vetco International and Wellstream Int. Ltd Previous: Former Executive Vice-President, Halliburton Former Chief Operating Officer, Brown & Root Energy Services Non-executive director
	Neil Gaskell Previous: Former Group Treasurer, Royal Dutch/Shell Non-executive director
	Felix V.Lubashevsky Previous: Former President of LLC Integra Management Former Executive Vice-President, Oilfield Services and Supply Chain Management, TNK-BP
	Antonio Campo Chief Executive Officer of LLC Integra Management Previous: President of Latin America Oilfield Services at Schlumberger Graduate of Pontificia Universidad Javeriana in Bogota, Colombia with a BSc degree (honors) in Electronic Engineering)
	Yuri Baidoukov Chief Financial Officer of LLC Integra Management Previous : Mergers and acquisitions Director, Schlumberger Graduate of Russian Peoples' Friendship University in Moscow with a MSc degree (Honors) in Economics.

Authority

The Board of Directors has the following authority:

Authority with respect to the strategic issues:

• approval of the Group’s mission and strategy;
• approval of participation and termination of participation in other entities (joint ventures etc.);
• decision on mergers and acquisitions transactions;
• decision on disposal of shares of the Group Members (in case of 10% ownership in such an entity); and
• decision on disposal of assets valued at over 10 million USD.

Authority with respect to planning and performance management:

• approval of the five-year plan;
• approval of the annual business plans; and
• approval of the strategic key performance indicators of the Group;

Authority with respect to finance issues:

• approval of the annual and interim reporting, profit and dividends distribution in Integra Group;
• decision on attracting financing, loans provision, transactions with promissory notes of third parties in case the transaction is over 50 million USD;
• decision on investments in case the project cost is over 20 million USD, notwithstanding whether the project is integrated into the business plan or not;
• decisions on contracts (i) with a credit risk exposure with a contract value more than 100 million USD or (ii) long term contracts (more than one year) with a contract value more than 100 million USD; and
• approval of the list of the employees that are granted authority to make public announcements on behalf of Integra Group and the Group, including financial issues.

Authority with respect to personnel:

• approval of the nomination of the members of the Management Board and the Auditor;
• approval of the bonus plans, key performance indicators and annual bonuses to the members of the Management Board.

Duties

The members of the Board of Directors should:

• act on the basis of the principles of honesty and integrity and in the best interests of the Group;
• exercise their duties for the purposes for which they are conferred;
• preserve the assets of the Group;
• avoid conflicts of interest;
• disclose personal interests in contracts involving the Group’s interests;
• not make profits from the directors' office by using confidential information; and
• act in a professional and diligent manner.