A meeting of the board of directors of OJSC “Gazprom” took place today in the company’s  headquarters to form the board’s Audit Committee.  Boris Fedorov was reelected  chairman of the Committee.  

The board of directors approved of the amount of the commission fee to be paid to the closed joint stock company “PricewaterhouseCoopers Audit” for the audit of Gazprom’s 2008 accounts, and the action plan of the Board for the second half of the current year.    

Information:

The main scope of responsibility of the Audit Committee includes assessment of the following:
. auditor candidates of OJSC “Gazprom”;
. audit reports;
. effectiveness of internal control procedures in OJSC “Gazprom”

   
The Committee also provides improvement proposals.  
The Audit Committee has been formed based on the Regulations for the committee of the board of directors.  The powers of committee members expire simultaneously with expiration of the board that formed the committee.   Thus, powers of earlier elected members of the Audit Committee expired on June 27, 2008.

INFORMATION  MANAGEMENT OFFICE OF OJSC “GAZPROM”