Annual report 2010

23Approved una nimously by independent di rectors who w ere no t re latedparties to the transaction.10. Approval of a master agreement for the general terms and conditions ofdeposit operations to be entered into by and between JSC IDGC Holding and VTBBank (Open Joint-Stock Company), which is a related party transaction.IT WAS RESOLVED AS FOLLOWS:10.1. The master agreement for the general terms and conditions of depositoperations between JSC ID GC H olding and VTB Ban k (Open Joi nt-StockCompany), which is a related party transaction, shall be approved (Appendix 3).10.2. The transaction value m ust not c onstitute 2 or m ore percent of thebook value of the Company’s assets according to its accounting statements as ofthe date of this decision.S. I. Shmatko, V. M. Kravchenko, V. V. Kudryavy, S. V. Maslov,S. Remes, S. V. Serebryannikov, O. V. Surikov, V. V. Tatsiy, D. V. Fedorov, andP. O. Shatsky voted “For.”E. V. Dod voted “Against.”V. N. Titov, deemed t o b e a r elated par ty t o t he t ransaction, andN. N. Shvets and G. F. Binko, failing t o b e i ndependent d irectors, did n otparticipate in the voting.Approved by a majority of v otes of independent d irectors w ho w ere notrelated parties to the transaction.11. Organization of contract-based special-purpose y oung emp loyeetraining for JSC IDGC Holding and subsidiaries and dependent companies of JSCIDGC H olding at t he Moscow St ate I nstitute of I nternational Relations(University) of the Ministry of Foreign Affairs of the Russian Federation.IT WAS RESOLVED AS FOLLOWS:Contract-based speci al-purpose young e mployee t raining fo r JS C ID GCHolding and subsidiaries and dependent companies of JSC IDGC Holding shall beorganized in c ollaboration w ith t he M oscow St ate Inst itute of InternationalRelations (University) of the Ministry of Foreign Affairs of the Russian Federation,starting from 2010 (Appendix 4).S. I. Shmatko, N. N. Shvets, G. F. Binko, E. V. Dod, V. M. Kravchenko,V. V. Kudryavy, S. V. Maslov, S. Remes, S. V. Serebryannikov, O. V. Surikov,V. V. Tatsiy, V. N. Titov, D. V. Fedorov, and P. O. Shatsky voted “For.”Approved unanimously.Ballots attached.