Public Joint Stock Company Case Study

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Public Joint Stock Company "Gazprom" - one of the major participants in the global energy markets, can make a significant contribution to their stabilization and ensuring global energy security, which is one of the main components of its development strategy.
Gazprom’s main activities are exploration, production, transportation, storage, processing and sale of gas, gas condensate and oil, as well as the production and sale of electricity. In the world ranking of oil and gas company "Gazprom" ranks first in production of natural gas. In terms of oil production and refining "Gazprom" is among the five largest Russian oil companies, and among twenty world leaders in the oil business.
The role of Gazprom in the global energy markets is not limited …show more content…

Charter and internal documents of the Company, as well as the Code of Corporate Conduct recommended by the Federal Commission for the Securities Market.

Meeting of shareholders

The highest governing body of the Joint Stock Company "Gazprom" is the General Meeting of Shareholders, which is held annually. Other than the Annual General Meeting of Shareholders shall be extraordinary.
The right to vote at the General Meeting of Shareholders the shareholders - holders of ordinary and preferred shares. Any shareholder in person or through a representative shall be entitled to attend the General Meeting of Shareholders. The meeting has a quorum if attended by shareholders holding in the aggregate more than half of the votes.
The competence of the General Meeting of Shareholders, in particular, include amendments to the Articles of Association of the Company, approval of annual reports and the auditor of the Company, distribution of profits, the election of the members of the Board of Directors and the Audit Committee, the adoption of decisions on reorganization or liquidation of the Company, as well as an increase or decrease of its share …show more content…

They are also aimed at addressing the shortcomings of the existing management structure in Gazprom. One such drawback is the presence of excessive structural and staff positions that duplicate each other's functions and perform the functions of the subsidiary companies, which leads to a decrease in the effectiveness of management in a fast-growing company and excessive administrative costs.
The organizational structure of "Gazprom" bureaucratic, divisional. Gazprom improving corporate governance structure. The reform aims at improving the efficiency of Gazprom as a vertically integrated company. Started establishing subsidiaries for activities such as underground gas storage, underground repairs, hydrocarbon processing, oil. The choice of such organizational structure is due to several factors:
The first factor stems from the company's mission. To ensure effective gas supply to consumers in the Russian Federation must have transit nodes and stations throughout Russia. Accordingly, it is happening divisional geographic separation.
Another reason for the geographical division - is the location of oil and gas in various regions of the Russian

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