Annual report 2010

35 The c omposition of th e co rporate co nflict r esolutioncommittee does not include any officers of the joint-stockcompany36 The corporate conflict r esolution c ommittee is c haired byan independent director37 The j oint-stock c ompany has t he internal d ocumentsapproved by t he b oard o f d irectors t hat s pecify t heprocedure for forming committees of the board of directorsand performing their functions38 The a rticles o f a ssociation of th e j oint-stock companycontain the procedure for determining whether the board ofdirectors ha s t he q uorum t hat makes i t possible t o e nsurethat i ndependent d irectors m andatorily p articipate i nmeetings of the board of directorsNoncomplianceNoncomplianceComplianceNoncomplianceThe Company has n ot e stablished t heCorporate Conflict Resolution Committee.The Company has n ot e stablished t heCorporate Conflict Resolution Committee.The B oard of Directors of t he C ompanydecided to ap prove th e f ollowingRegulations:- Regulations for the Audit Committee of theBoard of Directors of JSC IDGC Holding;- Regulations for the Strategy Committee ofthe B oard of Dir ectors o f J SC I DGCHolding;- Regulations f or t he N omination a ndRemuneration C ommittee o f th e B oard ofDirectors of JSC IDGC Holding;- Regulations f or t he V aluation Co mmitteeof t he Boa rd of Directors of JS C I DGCHolding;- Regulations for the Investment Committeeof t he Boa rd of Directors of JS C I DGCHolding.The Articles of Association of the Companydo n ot c ontain a ny pr ovisions regarding t heprocedure for determining whether the Boardof Dir ectors h as th e q uorum that m akes i tpossible to ensure that independent directorsmandatorily participate in meetings of theBoard of Directors of the Company.The Articles of Association of the Companyis in accordance with the laws of the RussianFederation wh ereby a co mpany’s ar ticles ofassociation specify the quorum for a meeting