Resolutions of the Board of Directors

23 April 2015

Ekaterinburg (Ural Federal District, Russia) – IDGC of Urals, OAO (MICEX: MRKU) reports on the results of a BoD session.

 

On April 21, 2015 the Board of Directors arranged an in-absentia session which reviewed a range of managing and corporate issues 

Approval of Company’s underwriters
The Board of Directors has approved the following insurance companies as Company’s underwriters:

Type of insurance

Insurance company

Insurance period

General liability insurance for damages caused by mistakes and defects during works that influence the security of capital construction facilities

SAK Energogarant, ОАО

10.03.2015-

09.03.2016

Voluntary motor insurance

AlfaStrakhovanie, ОАО

21.03.2015-20.03.2016

Insurance of liabilities of directors or officers

SOGAZ, ОАО

01.04.2015- 31.03.2016

Approval of the Regulations on the Audit Committee in a new version
The Board of Directors has approved the Regulations on the Audit Committee in a new version prepared in compliance with a range of regulatory documents (Corporate Governance Code, Guidelines regarding the arrangement of BoD operations, Listing rules, etc.). Key alterations are related to objectives and competence of the Committee. The Regulations also contains the list of issues subject to review by the Committee as well as typical forms of documents (working plan, progress report, session notification, questionnaire, protocol, etc.). The Regulations can be found at Founding and Internal Documents Section at our official web-site.

Besides, the Board of Directors has approve reports on the management of key operating risks, on the efficiency of the internal control system in 2014, on telecom systems development, on the execution of BoD instructions.

For the full version of the BoD protocol, please, visit Section “BoD resolutions”.

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