Contact
OMV Group Website
en | ro
OMV Group Website
OMV Petrom Websites
Petrom Romania www.petrom.ro OMV Group www.omv.com OMV Romania www.omv.ro
Close

Committees

Apart from the plenary Supervisory Board two committees are set up.

OMV Petrom Committees

The Supervisory Board has established an Audit Committee. The establishment of Audit Committee was approved under the provisions of the Company Law no. 31/1990. The Audit Committee is responsible mainly for examining and reviewing the annual financial statements and the proposal for the distribution of the profits, undertaking annual assessments of the system of internal control, evaluating the efficiency of the internal control system and risk management system, monitoring the application of statutory and generally accepted standards of internal auditing, reviewing conflicts of interests in transactions with related parties, examining and reviewing related party transactions that exceed or may be expected to exceed 5% of the company’s net assets in the previous financial year, as well as making recommendations to the Supervisory Board. The Audit Committee’s members are:

  • Reinhard Florey (President),
  • Jochen Weise (Deputy President),
  • Sevil Shhaideh (member),
  • Radu-Spiridon Cojocaru (member).

The Supervisory Board has established a Presidential and Nomination Committee. The main role of the Presidential and Nomination Committee is to be involved in the succession planning for the Executive Board, having full responsibility on the selection process of candidates for appointment in Executive Board. In addition, the Presidential and Nomination Committee has the right to make recommendations concerning the proposal of candidates for appointment in the Supervisory Board. The Presidential and Nomination Committee’s members are:

  • Rainer Seele (President),
  • Manfred Leitner (Deputy President),
  • Sevil Shhaideh (member),
  • Joseph Bernhard Mark Mobius (member).