Gazprom-AR2014

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Corporate Governance 125 Corporate Ethics and Anti-corruption Practices OAO Gazprom has the Code of Corporate Ethics in place, developed with due account for the best Russian and international corporate governance practices. The Code sets forth OAO Gazprom’s underlying corporate values and critical business conduct rules that exclude any conflict of interest situations and corruption. The Code’s provisions are mandatory for OAO Gazprom’s employees (including all members of the Management Committee and the Board of Directors who are OAO Gazprom’s employees) and the Company-controlled corporate entities. For employees of corporate entities with OAO Gazprom’s shareholdings who are not controlled, and employees of OAO Gazprom’s counterparties the provisions are recommendatory only. Information on conflicts of interest of members of OAO Gazprom’s Management Committee and Board of Directors (including those related to their service on management bodies of the Company’s competitors) In 2014, all members of the Management Committee and the Board of Directors, who are OAO Gazprom’s employees, signed up to the Code of Corporate Ethics of OAO Gazprom. The Code contains certain restrictions, including restrictions related to OAO Gazprom employee’s service in competing companies. The Corporate Ethics Commission of OAO Gazprom received no reports of any conflict of interest of members of the Management Committee and/or the Board of Directors, who are OAO Gazprom’s employees, including conflict of interest related to their service on management bodies of OAO Gazprom’s competitors. The permanent Corporate Ethics Commission of OAO Gazprom set up by OAO Gazprom’s Order No. 59 dated 11 February 2014 is authorised to supervise compliance with the Code’s requirements and provisions. In the reporting year, the Commission arranged for the Company’s management to sign up to the Code; arrangements were made to implement its certain sections with respect to relatives working together, interaction with competitors and counterparties, and the Commission’s procedures for resolving conflict of interest situations of sole executive bodies of entities controlled by the Company. At its meetings, the Commission discussed the reported cases. Pursuant to the laws of the Russian Federation and OAO Gazprom’s regulations, OAO Gazprom’s Corporate Protection Service and corporate protection units of the subsidiaries work to prevent and reveal cases of corrupt practices in Gazprom Group. The work relies on an ongoing interaction with the business units authorised with internal control, corporate costs management, asset management and corporate relations, and Russian law-enforcement agencies. Since 2014, OAO Gazprom has operated a Hotline to report incidents of perceived fraud, corruption and theft in Gazprom Group. All reports are closely investigated and examined. No corrupt practices were revealed in the situations reported through the Hotline in the reporting year. OAO Gazprom Annual Report 2014
126 Corporate Governance Efficient Procurement in OAO Gazprom OAO Gazprom and its subsidiaries run an efficient vertically integrated procurement system that relies on the principles of open information, transparency, equal rights, promotion of fair competition, and wider and simpler contractor access to OAO Gazprom’s procurement to ensure value for money, timely and full supply of goods, work or services with the price, quality and reliability required for safe operation of hazardous facilities. Underlying regulations governing procurement in OAO Gazprom and its subsidiaries — Federal Law No. 223-FZ dated 18 July 2011 On Procurement of Goods, Works and Services by Certain Types of Legal Entities. — Regulation on the Purchase of Goods, Works and Services by OAO Gazprom and Gazprom Group approved by Resolution of the Board of Directors No. 1969 dated 19 April 2012. OAO Gazprom’s procurement procedures are to the maximum extent standardised and simple. Procurement rules are available in the unified information system in the field of public procurement of goods, works and services for state and municipal needs (www.zakupki.gov.ru), and on OAO Gazprom’s website. Information on procurement, including procurement plans, notices, minutes and other is published in the unified information system and on OAO Gazprom’s website and is publicly available. Competitive procurement is generally done in electronic form and mostly through the Electronic Trading Platform of Gazprombank (ETP-GPB) (Procurement by Gazprom Group’s Companies section). In 2014, the share of electronic procurement for OAO Gazprom’s needs in the total value of competitive procurement under Law No. 223-FZ accounted for 99%. In 2015, OAO Gazprom plans to launch an Automated Electronic Procurement System covering the entire procurement cycle from the planning phase to the performance of a contract. To build a network of qualified suppliers (contractors, service providers) for the core and most extensive lines of business requiring experience, financial resources, production capabilities and human potential, Gazprom Group’s central procurement management body is currently engaged in open pre-qualification in accordance with the Regulation on the Purchase of Goods, Works and Services. Starting from 2012, 53 pre-qualifications were announced on OAO Gazprom’s website. Gazprom Group’s register of potential procurement participants available on OAO Gazprom’s website includes 203 entities who proved their qualification for certain operations, including 96 SMEs qualified under the common procedure. The number of pre-qualified SMEs in various business lines makes up to 76% of the total number of entities put on the register in respect of relevant business line. To improve competition potential suppliers, contractors and service providers are sourced and invited to participate in OAO Gazprom’s procurement. Procurement participants have a right and opportunity to send to OAO Gazprom (also by staying anonymous) their proposals as to competitive procurement procedure improvement, remarks or complaints against acts (omission) of the clients, organisers and/or their officers, information of procurement documents containing unreasonable requirements to the procured item or supplier (contractor), time and terms of supply (delivery of work or service), or other cases of unreasonably limited competition in the procurement process. Feedback from potential procurement participants is through the Procurement section of OAO Gazprom’s website. In 2014, over 260 participant calls were received, mostly related to the procurement and pre-qualification procedures; relevant clarifications were provided. A number of complaints against officers of OAO Gazprom’s subsidiaries’ were passed on to OAO Gazprom’s Corporate Protection Service. for investigation. To ensure efficient procurement OAO Gazprom uses all available tools (estimate standards, actual contract prices, consolidated specific values, market situation review) to set the best initial price before procurement is announced, and any methods permitted by the law to reduce the price during the procurement, including by extending the bid filing period to involve more bidders, and bargaining on price bids. OAO Gazprom Annual Report 2014
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OAO Gazprom Annual Report 2014 The
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Contents 4 Statement of OAO Gazprom
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4 Statement of OAO Gazprom’s Chai
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6 Major results Gazprom Group Resul
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8 Company Information OAO Gazprom
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10 Company Information OAO Gazprom
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12 Company Information Track Record
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14 Company Information Gazprom Grou
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16 Company Information Operations a
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18 Business Development Prospects S
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20 Business Development Prospects G
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22 Business Development Prospects E
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24 Business Development Prospects T
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26 Business Development Prospects E
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28 Business Development Prospects P
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30 Business Development Prospects U
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32 Business Development Prospects S
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34 Board of Directors and Managemen
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42 Board of Directors’ Report on
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48 Trends and Developments on Oil a
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54 Performance Results Exploration
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56 Performance Results Distribution
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58 Performance Results Distribution
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60 Performance Results The company
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62 Performance Results Hydrocarbon
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64 Performance Results Transportati
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66 Performance Results Gas transpor
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68 Performance Results Gas Infrastr
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70 Performance Results Hydrocarbon
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72 Performance Results Gazprom, on
Page 75 and 76: 74 Performance Results OAO Mezhregi
Page 77 and 78: 76 Performance Results Major invest
Page 79 and 80: 78 Performance Results European gas
Page 81 and 82: 80 Performance Results In accordanc
Page 83 and 84: 82 Performance Results Oil and gas
Page 85 and 86: 84 Performance Results Sales of ref
Page 87 and 88: 86 Innovations In 2014, the budget
Page 89 and 90: 88 Innovations — produced a techn
Page 91 and 92: 90 Innovations 14 meetings of coord
Page 93 and 94: 92 Environment and Social Responsib
Page 101 and 102: 100 Environment and Social Responsi
Page 111 and 112: 110 Corporate Governance OAO Gazpro
Page 113 and 114: 112 Corporate Governance Corporate
Page 115 and 116: 114 Corporate Governance Summary of
Page 117 and 118: 116 Corporate Governance Remunerati
Page 119 and 120: 118 Corporate Governance In additio
Page 121 and 122: 120 Corporate Governance Liability
Page 123 and 124: 122 Corporate Governance Audit Comm
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Page 129 and 130: 128 Corporate Governance Stock Mark
Page 131 and 132: 130 Corporate Governance Dividend P
Page 133 and 134: 132 Risk Management Gazprom has con
Page 135 and 136: 134 Risk Management Customs, curren
Page 137 and 138: 136 Glossary ADR of OAO Gazprom APG
Page 139 and 140: 138 Corporate Governance Units of M
Page 141 and 142: 140 Additional information List of
Page 143 and 144: 142 Additional information 11. Adde
Page 145 and 146: 144 Additional information 27. Bank
Page 147 and 148: 146 Additional information 45. Adde
Page 149 and 150: 148 Additional information 59. Trad
Page 151 and 152: 150 Additional information 68. Trad
Page 153 and 154: 152 Additional information 84. Cont
Page 155 and 156: 154 Additional information 96. Volu
Page 157 and 158: 156 Additional information Inclusio
Page 159 and 160: 158 Additional information Improvem
Page 161 and 162: 160 Additional information These ef
Page 163 and 164: 162 Addresses and Contact Details F
Page 165: www.gazprom.com
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Gazprom-AR2014

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