Annual report 2010

JSC INTERREGIONAL DISTRIBUTIONGRID COMPANIES HOLDINGMINUTES No. 8of the Absentee Meeting of the Audit Committeeof the Board of Directors of JSC IDGC HoldingMoscowJanuary 29, 2010The decision of the Audit Committee was made by ballot voting.The following members of the Audit Committee participated in the voting:S. J. Remes, O. V. Surikov, and D. V. Fedorov.There was a quorum.Re: Consideration of internal l ocal d ocuments related t o i mprovement a nddevelopment of the internal control, internal audit and risk management systems inIDGC Holding Group.It was resolved as follows:1.1. The a pproaches pr oposed b y t he Int ernal A udit Department o f J SCIDGC H olding in i nternal l ocal doc uments de veloped for t he p urposes ofimplementation and realization of t he new development sys tems of i nternalcontrol, i nternal a udit a nd risk m anagement i n IDGC H olding G roup shall beapproved.1.2. It sh all be recommended t o t he Board of Directors of J SC IDGCHolding to approve internal local documents related to effective development andimprovement of the internal control, internal audit and risk management systems inthe IDGC Holding Group, namely:- Concept of D eveloping and I mproving t he In ternal Co ntrol and A uditSystem and the Risk Management System of JSC IDGC Holding;