WAY UPWARDS - HSE

Introduction
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• It was acquainted with the method of quarterly reporting on company/group operations to
AUKN;
• It gave approval to the company’s management to conclude a contract for D&O insurance of the
HSE Group companies;
• It was acquainted with legal opinions on the situation of public requestor under the Public
Procurement Act with regard to water, energy, transport and post services as well as Directive
2004/17/ES;
• It submitted AUKN the propositions of decisions related to remuneration of the Supervisory
Board members, members of SB Committees and external members of SB Committees;
• It was acquainted with measurable performance measures applicable for determining changeable
remuneration to the Managing Director for 2010 and adopted new measures;
• It was acquainted with trading activities of the company HSE d.o.o.;
• It was acquainted with tables of consolidated cash flow statements for the period from 2011 to
2020;
• It was acquainted with the intention of the company’s management to prepare a comprehensive
planning system for the HSE Group;
• It was acquainted with the issue of Termoelektrarne Trbovlje d.o.o. and requested that by the
end of the year the company’s management prepares a comprehensive plan of solving the issue
related to the investment that Termoelektrarna Trbovlje d.o.o. holds in the company, particularly
in light of closing the RTH mine and maintaining energy locations;
• It was acquainted with and approved the presentation strategy of selling own production and the
purchase of CO2 emission coupons for the purposes of HSE Group thermal production;
• It approved the Constitutional Act on Internal Audit Operations within the Companies of the
HSE Group;
• It was acquainted with the Report on Procedures in the selection of ERP provider;
• It approved the Business Plan of the company HSE and the HSE Group for 2012 with additional
plan for 2013 and 2014;
• It discussed and was acquainted with the Report of HSE Worker’s Council on the
implementation of Worker Participation in Management Act in 2010 and in the period from
1 January 2011 to 31 October 2011 within the company Holding Slovenske elektrarne d.o.o.
In 2011, the Audit Committee of the company’s Supervisory Board held six regular meetings, at which
it discussed various strategic and business issues: All the members of Audit Committee participated
at the Commission meetings. In 2011, the Audit Committee discussed the following:
• It was acquainted with key Business Plan assumptions of the company HSE and companies of
the HSE Group for 2011;
• It was acquainted with activities for performing the 2010 Annual Report of the HSE Group and
discussed the Annual Report of the company HSE and the HSE Group for 2010;
• It was acquainted with the information on the course of preliminary audit and the schedule
planner on the course of audit in the company HSE and the companies of HSE Group;
• It was acquainted with the information on transition to IFRS;
• It discussed the Report on Management Review of Individual Transactions at TEŠ;
• It discussed the received proposals for audit of the financial statements of the HSE Group
companies for 2011 and 2012 and formed a SB proposal for auditor selection;
• It was acquainted with the information on conclusion of the contract for D&O insurance of the
HSE Group companies.