Russian President Vladimir Putin signed an order allowing Gazprom to…
Russian President Vladimir Putin signed an order allowing Gazprom to operate without meeting the standard requirement for independent directors on its board of directors until July 31, 2028, without consequences for its listing level. This measure affects a strategic company under state ownership and impacts its governance structure.
Consensus
- Gazprom is allowed to not comply with the requirement of having independent directors on its board until July 31, 2028
- The decision was made by Russian President Vladimir Putin through an official decree
- This exemption does not affect Gazprom's listing level
Points of divergence
- Gazprom can operate without independent directors for two years, and the price of its shares dropped by 4.01% at 17:00 MSK — vedomosti
- The decree was published on the official legal information portal and took effect immediately upon publication — vesti
- Gazprom's board of directors will remain in office until mid-2028, and currently only one independent director remains - Igor Maksimtsev — interfax
Coverage (3 sources)
- Putin Allows Gazprom to Ignore Independent Directors Quota — Ведомости
- Gazprom may fail to meet the number of independent directors requirement in its board until July 2028 without listing consequences — Вести
- Gazprom allowed to keep one independent board member until the 2028 elections without listing consequences — Интерфакс