Annual report 2010

75.2.1. Organize t he i mplementation of t he approved l ocal documentsrelated t o i mproving a nd developing i nternal control, r isk management, andinternal audit a nd e nsure the functioning a nd e ffectiveness of t he Company’sinternal control procedures;5.2.2. On a quarterly basis, submit for consideration by a meeting of theBoard of D irectors o f JSC ID GC H olding reports on the i ntroduction andimplementation of the appr oved l ocal d ocuments r elated t o improving a nddeveloping internal control, risk management, and internal audit;5.3. Sum up and make known to members of the Board of Directors of JSCIDGC Holding international practices in internal control and risk management inthe electric power industry.S. I. Shmatko, N. N. Shvets, G. F. Binko, V. M. Kravchenko,V. V. Kudryavy, M. Yu. Kurbatov, S. V. Maslov, S. Remes, S. V. Serebryannikov,O. V. Surikov, V. V. Tatsiy, V. N. Titov, D. V. Fedorov, P. O. Shatsky voted“For.”E. V. Dod “Abstained.”Approved by a majority of votes.6. THE FOLLOWING PERSON WAS HEARD:A. V. DemidovPlacement by JSC IDGC Holding of Series 01 bonds.THE FOLLOWING PERSONS REPORTED:V. V. Tatsiy, V. N. TitovIT WAS RESOLVED AS FOLLOWS:Five m illion (5,000,000) i nconvertible i nterest-bearing c ertificated b earerbonds, Se ries 01, ( hereinafter re ferred t o a s t he “ Bonds”) o f JS C I nterregionalDistribution Grid C ompanies H olding ( hereinafter, t he “ Issuer”), subject tomandatory centralized custody, each with a par value of one thousand (1,000)rubles, w ith the t otal par va lue of f ive billion (5,000,000,000) rubles, shall beplaced through a p ublic offering at a p rice equal to one hundred (100) percent ofthe par v alue of t he Bo nds, or one t housand (1,000) ru bles for one ( 1) Bo nd.Starting from the second (2nd) day of the placement of the Bonds, any buyer shall,when making a purchase and sale transaction in relation to the Bonds, also pay theamount of accrued coupon income from the Bonds calculated as of the start date ofthe placement of the Bonds in accordance with the following formula:ACI = R1 * PV * (T – T0) / 365 / 100%, wherePV is the par value of one Bond,R1 is the interest rate of the 1st coupon period (interest per annum),T0 i s t he st art da te o f t he placement of t he B onds, T i s the date o f t heplacement of the Bonds.The calculated amount of accrued coupon income shall be rounded up ordown to t he n earest whole kopeck according to mathematical rounding rules. Inthis context, “ mathematical ro unding ru les” s hall mean t he ro unding m ethod