Annual report 2010

Agenda1. THE FOLLOWING PERSON WAS HEARD:S. J. RemesElection of the Deputy Chairman of the Audit Committee of the Board ofDirectors of JSC IDGC Holding.It was resolved as follows:Valery A lekseevich G ulyaev sha ll be elected D eputy C hairman of t heAudit Committee of the Board of Directors of JSC IDGC Holding.Approved unanimously.2. THE FOLLOWING PERSON WAS HEARD:S. J. RemesIndicative list of key issues for consideration at the meetings of the AuditCommittee for the period of work from September 2010 to June 2011.It was resolved as follows:2.1. The indicative list of ke y issues for consideration at the meetings ofthe Audit Committee of the Board of Directors of JSC IDGC Holding in H2 2010and H1 2011 in accordance with the appendix hereto shall be agreed upon.2.2. Members of the Audit C ommittee, ha ving a ny a mendment orsupplement to t he indicative l ist of key i ssues, sha ll su bmit t heir proposals i nwriting t o t he Se cretary of t he Audit C ommittee n ot later than t he 11 th day ofOctober of the current year.Approved unanimously.3. THE FOLLOWING PERSONS WERE HEARD:G. I. Zhabbarova, V. A. Gulyaev, and S. RemesIssues of training of employees of JSC IDGC H olding r esponsible forpreparation of statements in accordance with the IFRS for 2010-2011.It was resolved as follows:3.1. T he sc hedule of t raining o f e mployees of JSC I DGC H oldingresponsible fo r pre paration of st atements i n a ccordance w ith the I FRS for 2 010-2011 shall be approved.3.2. Due to the approval of regulations, including draft documents underconsideration a t t he re levant Ministries a nd A gencies o f t he R ussian Federation,governing accounting and reporting in the Russian Federation, G. I. Zhabbarova,Chief Accountant and Head of the Department for Business and Tax Accounting ofJSC IDGC Holding, shall be instructed to develop and submit for consideration bythe A udit C ommittee re commendations o n t he or ganization of t he s ystem o f2