Annual report 2010

64 The board of directors has approved an internal documentthat governs the use of material information concerning thejoint-stock company’s activities and concerning shares andother s ecurities o f th e co mpany an d tr ansactions r elatedthereto, wh ich in formation is n ot p ublic an d, if d isclosed,may h ave a m aterial effect o n the market v alue o f sha resand other securities of the joint-stock companyComplianceThe B oard of Directors of t he C ompanydecided on N ovember 1 9, 200 8, t o approvethe R egulations for In sider Info rmation ofthe Company.Control of Financial and Economic Activities65 The b oard of d irectors h as approved i nternal controlprocedures applicable t o t he f inancial and e conomicactivities of the joint-stock company66 The joint-stock company has established a special unit thatensures co mpliance with in ternal co ntrol p rocedures(control and internal audit function)67 Internal documents of the joint-stock company specify thatthe board of d irectors d etermines th e s tructure andcomposition of the control and internal audit function of thejoint-stock company68 The composition of the control and internal audit functionof t he j oint-stock company does not include any personswho h ave been pr onounced g uilty of e conomic crimes orcrimes ag ainst public au thorities, in terests of p ublicauthorities, or lo cal g overnment au thorities o r wh o h avereceived administrative penalties for business, finance, tax,or securities market offensesComplianceComplianceNoncomplianceComplianceThe B oard of Directors of t he C ompanydecided on N ovember 1 9, 200 8, t o approvethe R egulations for Internal C ontrolProcedures.The C ompany h as th e I nternal Au dit an dRisk Management Department.Internal d ocuments of t he C ompany do notcontain this provision.In a ccordance w ith i nternal d ocuments, t hestaff lis t o f th e I nternal Au dit an d R iskManagement Department is approved by theDirector General of the Company.The c omposition o f th e I nternal Au dit an dRisk Management Dep artment d oes n otinclude these persons.