Gazprom-AR2014

156
Additional information
Inclusion of labour efficiency in the list of key management performance indicators
to assess the performance of the management of OAO Gazprom
(Russian Government Directives of 31 October 2014 No. 7389p-P13)
In December 2014, OAO Gazprom’s Board of Directors considered whether to complement the
KPIs under the Annual Bonus System with an additional Labour Efficiency indicator with a 5%
share in total KPIs. By resolution No. 2473 of 27 January 2015 OAO Gazprom’s Board of Directors
amended the Regulation on the Annual Bonus System for the Management of OAO Gazprom.
Adaptation by entities with a government stake of the Corporate Governance Code approved
by the Bank of Russia’s Board of Directors on 21 March 2014
(Instruction No. DM-P36-46pr of 28 May 2014 by D. A. Medvedev, Russian Prime Minister).
In pursuance of Resolution No. 2452 of 27 November 2014 issued by OAO Gazprom’s Board of
Directors, a draft action plan on introducing the Code’s key provisions into OAO Gazprom’s activities
was forwarded to the Federal Agency for State Property Management and Russian Ministry
of Energy to obtain appropriate instructions. This action plan was drafted based on benchmarking
OAO Gazprom’s corporate governance standards with the Code’s key provisions.
Development and implementation of a non-core assets disposal programme
(Section 2c of Decree on Long-Term Government Policies No. 596 of 7 May 2012 by V. V. Putin,
Russian President)
By Resolution No. 2185 of 18 June 2013, OAO Gazprom’s Board of Directors approved its threeyear
Non-Core Assets Disposal Programme (from 2H 2013 to 1H 2016). The approval of the programme
was disclosed by OAO Gazprom in the manner prescribed by the law by publishing
appropriate open access information on its website. The programme comprises three sections:
Long-Term Financial Investments (stock, shares), Real Property, and Movable Property.
The actual cost of sale of assets disposed of in 2014 under the Programme totalled
RUB 2,780,961 thousand. Pre-sale preparation and disposal of non-core assets resulted in the
actual cost of sale exceeding the book value by RUB 2,749,302 thousand.
OAO Gazprom Annual Report 2014