Resolutions of the Board meetings conducted on May 10-11, 2016

13 May 2016

Ekaterinburg (Ural Federal District, Russia) – IDGC of Urals, OAO (MICEX: MRKU) reports on Board resolutions.

On May 10-11, 2016 the Board of Directors has conducted 2 in-absentia Board meetings. In the course of the meetings directors have scrutinized and decided on the range of corporate issues. 

During the meeting, conducted on May 10, the Board of Directors has scrutinized and adopted the action plan to enhance Company’s efficiency and performance for 2016-2020.

During the meeting, conducted on May 11, the Board of Directors has scrutinized and adopted a 2015 progress report on the efficiency of Internal Control and Risk Management Systems. The Board entrusted the sole executive body to generate and implement measures to improve and promote Company’s ICS and RMS, system maturity being enhanced by the end of 2016.

Besides, the Board has entrusted Company’s representatives to the EESK and UET Boards of Directors to vote “FOR” while approving revised business plans of the companies for 2016.

To view the full versions of the Board protocols, please, visit Section “Board of Directors”.

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