Lukoil's board of directors recommended the shareholders at the extraordinary meeting on December 5 to amend the company's charter to optimize the structure of management bodies in order to improve the efficiency of decision-making. It is planned to form in the company only the sole executive body represented by CEO, without the collegial body - the management board. And the issue of appointing the sole executive body is referred to the competence of the board of directors and not of the shareholders' meeting.