Annual report 2010

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JSC IDGC Holding. Annual Report 20109.2. Board of DirectorsThe Board of Directors of JSC IDGC Holding is theCompany’s collegial management body in chargeof the general management of the Company’sactivities, addressing the issues falling within itscompetence provided for in the Federal Law “OnJoint-Stock Companies” and the Articles ofAssociation of JSC IDGC Holding.The priority goals of the activities of the Board ofDirectors include defining the Company’s developmentstrategy aiming to enhance its marketcapitalization and appeal to investors, achievingthe maximum profit, and increasing theCompany’s assets; ensuring the exercise and protectionof the rights and lawful interests of theCompany’s shareholders; ensuring that the informationabout the Company disclosed to shareholdersand other stakeholders is complete, reliable,and unbiased; and creating efficient internalcontrol mechanisms. The Board of Directors createsand supports the necessary mechanisms forsupervising the work of the Company’s executivebodies, including monitoring and evaluating theirperformance.The Board of Directors relies in its activity on thelaws of the Russian Federation, the Articles ofAssociation, the Regulations for the Procedure forConvening and Conducting the Meetings of theBoard of Directors of JSC IDGC Holding and otherinternal documents of the Company.In the expired period, the Board of Directors held25 (4 in-person and 21 absentee) meetings, atwhich 148 issues were considered.In 2010, the Board of Directors adopted resolutionson a number of key areas, namely:— placement of series 01 and series 02 bonds byJSC IDGC Holding;— expansion of the authorized capital of JSCIDGC Holding through the placement of additionalshares;— approval of the consolidated investment programof JSC IDGC Holding for 2010, considerationof its implementation report for half Iof 2010, 9 months of 2010, consideration ofthe consolidated investment program for theperiod 2011 — 2015, including 2011;— approval of a number of documents for thepurposes of developing and improving theinternal control and audit system and the riskmanagement system of JSC IDGC Holding;— approval of the Regulations for DividendPolicy of JSC IDGC Holding;— approval of the Strategy for Disposing ofNoncore Assets of JSC IDGC Holding andSubsidiaries and Dependent Companies ofJSC IDGC Holding.In the fiscal year, members of the Board ofDirectors of JSC IDGC Holding also considered theissue of energy conservation and the improvementof energy efficiency of the electric grid entitiesof JSC IDGC Holding; preparation of the innovativedevelopment programs of JSC IDGC Holdingand the SDCs of JSC IDGC Holding.For the purposes of investing federal budgetfunds in 2010 in the authorized capital of JSCKubanenergo for financing the construction andrehabilitation of the Olympic electric grid facilities,the Board of Directors of the Company consideredissues related to the convocation of theextraordinary general meeting of JSCKubanenergo with regard to a follow-on offeringof shares in JSC Kubanenergo and issues relatedto the participation of JSC IDGC Holding in theissue undertaken by JSC Kubanenergo.44
9. Corporate Governance System of JSC IDGC Holding9.2.1. Composition of the Board of DirectorsThe Board of Directors of JSC IDGC Holding is composed of 15 members elected by the General Meeting ofShareholders.From January 1, 2010, to June 23, 2010, the authority of the Board of Directors of JSC IDGC Holding was exercisedby the members elected by resolution of the Annual General Meeting of JSC IDGC Holding on June 29, 2009:Full Name Position 3Sergey Ivanovich Shmatko, Chairman of theBoard of Directors, JSC IDGC HoldingNikolay Nikolayevich ShvetsMinister of Energy of the Russian FederationDirector General, JSC IDGC HoldingGennady Feliksovich BinkoDeputy Director General, JSC OGK-6Evgeny Vyacheslavovich DodChairman of the Management Board, INTER RAO UESVyacheslav Mikhailovich KravchenkoChief Executive Officer, OOO RN-EnergoViktor Vasilyevich KudryavyAdvisor to President, EUROCEMENT Group ZAOMikhail Yuryevich KurbatovDirector of Department, Ministry of Economic Development of theRussian FederationSergey Vladimirovich MaslovPresident, Saint Petersburg International Mercantile ExchangeSeppo Juha RemesDirector General, OOO KiuruSergey Vladimirovich SerebryannikovRector, Moscow Power Engineering Institute (TechnicalUniversity)Oleg Vyacheslavovich SurikovDirector of the Corporate Department, MMC Norilsk NickelVladimir Vitalyevich TatsiyVasily Nikolayevich TitovDenis Vladimirovich FedorovFirst Vice President, Gazprombank (Open Joint-Stock Company)Deputy President and Deputy Chairman of the Management Board,VTB BankHead of the Division for Energy Sector Development and ElectricPower Industry Marketing of the Department of Marketing andProcessing of Gas and Liquid Hydrocarbons, JSC GazpromPavel Olegovich ShatskyActing First Deputy Director General, OOO Gas Energy Company3The positions are specified as of the date of nomination by the shareholders of JSC IDGC Holding45
Page 8 and 9: JSC IDGC Holding. Annual Report 201
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JSC IDGC Holding. Annual Report 201
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Rybinsk
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Date and place of birthNationalityJ
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Education, academic degree (if any)
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Date ofTaking OfficeinManagementBod
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2010 JSC IDGC Holding2010 JSC FGC U
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2010 JSC IDGC HoldingMember of the
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Moscow State Pedagogical University
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Period of Employment Entity Name an
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1. Experimental Nuclear Physics2. B
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Date ofTaking OfficeinManagementBod
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Positions held over the past 5 year
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Regulations for the Convening and H
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Regulations for Information Policy
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9 3.1 Chelyabinskoye Branchof Sberb
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36(39510) 4-00-764.24 Shelekhovskoy
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66 4.54 KrasnokamenskoyeBranch of S
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92 5.23 Krasnoyarskoye CityBranch o
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121 6.2 Tenkinskoye Branch ofSberba
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5053146 6.26 Megino-KangalasskoyeBr
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175 8.2 Tatarstan Bank Branch ofSbe
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201 10.18 Solikamskoye Branch4929/0
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227 10.43 Usinskoye Branch ofSberba
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257 11.18 Orlovskoye Branch ofSberb
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288 11.49 Ust-LabinskoyeBranch of S
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31731831912.9 Pavlovskoye Branch of
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341 12.33 ZemetchinskoyeBranch of S
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36712.59 Yenotaevskoye Branchof Sbe
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391 12.85 SengileevskoyeBranch of S
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415 13. Severo-Zapadny HeadOffice19
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436 14.15 Kurilskoye Branch ofSberb
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459 16.2 AleksandrovskoyeBranch of
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488 17.4 Zavodoukovskoye627140 Tyum
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22.9. Information Concerning Compli
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Company’s Board of Directors.6 No
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12 The articles of association of t
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18 Internal documents of the joint-
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26 The board of d irectors has es t
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of suc h c ompany’s boa rd of di
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45 Internal documents of the joint-
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of d irectors o f th e jo int-stock
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64 The board of directors has appro
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75 The audit committee evaluates th
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Amendments to Certain Legislative A
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May 26, 2010 12-2296 Concerning the
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July 19, 2010 5-3138 The instructio
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07/13909) concerning the implementa
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January 20, 2010 10-147 The instruc
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Government of the Russian Federatio
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separate divisionSeptember 7, 2010
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Russian Federation (Tsarikovsky, AT
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2production pl ant l ocated at : Re
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4in OAO IDGC of t he Urals Training
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6- as a member of t he Board of Dir
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8S. I. Shmatko, N. N. Shvets, G. F.
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28. Defining of the position of JSC
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46. Defining of the position of JSC
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6OAO Nurenergo as the SellerSubject
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M I N U T E Sof the Meeting of the
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3billion, nine hundred twenty-two m
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52.1.12. The c ost estimate i n rel
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75.2.1. Organize t he i mplementati
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9Any holder of the Bonds shall also
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11Payment for the placed Bonds shal
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13value and accrued coupon income r
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1511.2. Member of the Board of Dire
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22. Approval of annual accounting s
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3. AlexanderMikhailovichKuryanov4.
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27. Approval of proprietary informa
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4V. M. Kravchenko did not participa
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67. Approval of proprietary informa
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8Dispute resolution:Any dispute, co
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10to the expiration date, the agree
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12If either party causes any damage
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14upon the terms and conditions gov
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167.10. The proprietary information
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18Any amendments and supplements to
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20early termination or expiration o
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22The D isclosing Party pr ovides a
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24S. I. ShmatkoChairman of the Boar
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21.2. The t ime of t he a nnual Gen
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4Holding.1.15. It shall be specifie
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31.5. The estimate of costs relatin
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57.1. The Report of the Management
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3S. I. Shmatko, N . N. Shvets, G .
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25. Approval of t he A greement for
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43. Approval of the Agreement for t
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6IDGC Holding and OAO Karachayevo-C
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852:18:05 00 00 :0000:04898:V, whic
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10M. Yu. Kurbatov “Abstained.”O
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12S. I. ShmatkoChairman of the Boar
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2At t he s uggestion of m ember of
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43. THE FOLLOWING PERSON WAS HEARD:
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3IT WAS RESOLVED AS FOLLOWS:3.1. No
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M I N U T E Sof Meeting of the Boar
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3- Scientific a nd T echnical C oun
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5- OAO Kubanenergo (member of the B
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7• registered ordinary shares (st
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3S. I. Shmatko, N. N. Shvets, V. A.
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5Conditions f or t he Pl acement of
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75. Amendments to the decision adop
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98.2. The related party transaction
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2assets a nd construction-in-progre
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4- quantity of the sha res held by
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6kopecks;- book value of the stake
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84. Approval of t he A greement to
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10IT WAS RESOLVED AS FOLLOWS:7.1. N
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12Approved by a majority of votes.8
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3S. I. Shmatko, N. N. Shvets, S. R.
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22.7. Formation of t he Investment
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Approved unanimously.42.5. Review o
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6IT WAS RESOLVED AS FOLLOWS:The dec
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3- acquisition method: through bidd
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2Agenda1. Review of the consolidate
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4Review of the report on the implem
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3rubles in millionsPlan Actual Devi
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3S. V. Serebryannikov, V. V. Tatsiy
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5connection with mobilization train
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ubles7rubles1. Below 10,000,0002. 1
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911. Defining of the position of JS
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3S. I. Shmatko and V. V. KudryavyIT
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5S. I. Shmatko, N. N. Shvets, S. R.
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73.1. The pow ers o f Secretary of
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21.2. The agreement for contributin
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3Term of t he A greement: the A gre
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3associated with transferring title
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5Note sha ll be taken of i nformati
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Budget of theconstituent entity oft
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3Volga’s real property and acquir
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5United E lectric G rid C ompany, w
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77. Approval of the a greement fo r
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9hundred seventy-eight thousand, th
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JSC INTERREGIONAL DISTRIBUTIONGRID
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ased on t he fi rst p hase i mpleme
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2.4. It s hall be recommended t o t
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It was resolved as follows:1.1. Not
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2.2. The Head of the Department for
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Seppo RemesChairman of the Audit Co
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Agenda1. THE FOLLOWING PERSON WAS H
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6. THE FOLLOWING PERSONS WERE HEARD
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INVESTMENT COMMITTEEOF THE BOARD OF
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2. Prior to December 22, 2010, the
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2. Note sha ll be t aken o f t he c
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Nomination and Remuneration Committ
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Schedule (Yearly)” (Appendix 2.2
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Nomination and Remuneration Committ
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Voting results:“FOR” - 11 perso
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two (2,019,892,442) 4 additional un
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Issue 5: Approval of the Decision o
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E. V. DodChairman of the Strategy C
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Issue 1: Determination of the posit
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The va lue of the s ervices p rovid
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Pavel Vladilenovich Golubev - Head
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Voting results:“FOR” - 8 person
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1. R epresentatives of J SC ID GC H
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Voting results:“FOR” - 11 perso
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Ballots attached.V. M. KravchenkoCh
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Due to that this is sue was referre
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M. Yu. Kurbatov, member of the Comm
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VARIANT 2. Transfer of one or more
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Voting results:“FOR” - 9 person
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Issue 1: Purchase of a dditional or
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It shall be recommended to the Boar
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Subject matter of the Agreement:The
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VALUATION COMMITTEEof the Board of
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“ABSTAINED” - 2 votes (E. V. Pe
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IT WAS NOTED AS FOLLOWS:1. Need to
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