Annual report 2010

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JSC INTERREGIONAL DISTRIBUTIONGRID COMPANIES HOLDINGMINUTES No. 14of the Meeting of the Audit Committeeof the Board of Directors of JSC IDGC HoldingMoscowOctober 13, 2010Moscow, ul. Ulansky pr.,03:00 pm d. 26, str. 1, Meeting RoomPresent were: Seppo Juha Remes, Chairman;Valery Alekseevich Gulyaev, Member of the Audit Committee;Adel Fyaritovich Bikmurzin, Secretary of the Audit Committee.Invited were:• Tatyana Sirotinskaya, a nd L yubov N isenboim, r epresentatives of Z AOPricewaterhouseCoopers (Issue 2).Representatives of JSC IDGC Holding:• Alexey V ladimirovich D emidov, Deputy D irector G eneral fo r EconomicAffairs and Finance of JSC IDGC Holding (Issue 2);• Galina Ivanovna Zhabbarova, Chief Accountant, Head of the Department forBusiness and Tax Accounting of JSC IDGC Holding;• Izumrud Aligadzhievna Alimuradova, Head of t he Internal Audit and RiskManagement Department of JSC IDGC Holding (Issues 2 and 3);• Yakov Borisovich Yakubovich, Head of t he Risk Management and InternalControl Organization Division of the Internal Audit and Risk ManagementDepartment of JSC IDGC Holding (Issues 2 and 3).1
Agenda1. THE FOLLOWING PERSONS WERE HEARD:G. I. Zhabbarova, V. A. Gulyaev, and S. RemesFinancial terms and conditions of the agreement with ZAO KPMG for theperformance of functions of t he external auditor of financial statements of IDGCGroup prepared in accordance with the IFRS for 2010.It was resolved as follows:1.1. The proposed p rice of pa yment b y JSC IDGC H olding for a uditservices for the audit of t he c onsolidated fi nancial st atements of IDGC H oldingGroup in accordance w ith t he IFR S f or 20 10 of 15,340,000 rubles, i nclusive ofVAT and overhead costs, shall be approved.1.2. It shall be recommended to the management of JSC IDGC Holding toenter i nto a n agreement w ith Z AO K PMG fo r t he a udit o f t he c onsolidatedfinancial statements of IDGC Holding Group in accordance with the IFRS for 2010to the total amount of 15,340,000 rubles, inclusive of VAT and overhead costs.Approved unanimously.2. THE FOLLOWING PERSONS WERE HEARD:I. A. A limuradova, S. R emes, V . A. G ulyaev, L . N isenboim, a nd Y a. B .YakubovichConsideration of documents on the results of the work done as part of theimplementation of t he p roject of t he i mplementation o f the integrated ri skmanagement a nd i nternal c ontrol syst em i n t he SDCs of JSC ID GC H olding(Model Regulations f or t he B usiness Pro cess “ Electricity B illing M etering a ndSale of Electricity Transmission Services”, and the Risk Management Guidelines).It was resolved as follows:2.1. It s hall b e re commended t o t he Management Board o f JSC ID GCHolding to approve the Model Regulations for the Control Environment and Risksof t he Business Process “Electricity B illing M etering a nd Sa le of E lectricityTransmission Services.”2.2. It s hall be re commended to t he B oard of D irectors o f JSC IDGCHolding t o app rove the R isk M anagement G uidelines, taking i nto a ccount t hereplacement of the approach to define the risk significance through risk appetite bythe approach to define the risk significance through decision threshold levels.2.3. The Head of the Internal Audit and Risk Management Department ofJSC ID GC Holding sha ll be i nstructed t o i nitiate c onsideration of t he R iskManagement Guidelines and t he Model Regulations for the Control Environmentand Risks o f t he B usiness Pr ocess “ Electricity Billing Metering and Sale o fElectricity Transmission Services” at the meetings of the Audit Committees of theBoard o f Directors o f SDCs for t he purpose of fur ther appr oval t hereof at t hemeetings of the Boards of Directors of SDCs.2
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JSC IDGC Holding. Annual Report 201
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Kirovsk
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Moscow
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Krasnodar Territory
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Novorossiysk
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Veliky Novgorod
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Kaliningrad
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Izhevsk
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Ulyanovsk
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Omsk
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Stavropol Territory
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Ekaterinburg
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Sochi
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Mezhdurechensk
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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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Page 498 and 499: 911. Defining of the position of JS
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Page 544 and 545: It was resolved as follows:1.1. Not
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Page 552 and 553: Seppo RemesChairman of the Audit Co
Page 554 and 555: Agenda1. THE FOLLOWING PERSON WAS H
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Page 560 and 561: 2. Prior to December 22, 2010, the
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Page 572 and 573: Nomination and Remuneration Committ
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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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JSC INTERREGIONAL DISTRIBUTIONGRID
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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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