The session presided by Albert K. Shigabutdinov, General Director of “TAIF” JSC, was held on May 26.
The Board of Directors approved the procedure in preparing and conducting sessions, the 2006-2007 activities plan and the membership of the Company’s Executive Board.
The session also reviewed the issue of establishing standing committees in the Board of Directors. A decision was taken to continue the work in that direction and return to the issue at one of the regular sessions.
The Board of Directors discussed a number of other issues relating to current activities of “Nizhnekamskneftekhim” INC.