Annual report 2010

training o f employees of t he Financial Reporting D ivisions of su bsidiaries anddependent companies of JSC IDGC Holding not later than December 2010.Approved unanimously.4. THE FOLLOWING PERSONS WERE HEARD:I. A. Alimuradova, V. A. Gulyaev, A. Korn, and S. RemesForm a nd st ructure of a model r eport of the Internal Audit a nd R iskManagement Department of JSC IDGC Holding and similar divisions of SDCs tobe submitted to the Audit Committees of the Board of Directors on the work done.It was resolved as follows:4.1. The fo rm a nd st ructure of provision o f i nformation by the Int ernalAudit and Ri sk Management Department of JSC ID GC H olding t o t he A uditCommittee of the Board of Directors of JSC IDGC Holding on the work done.4.2. The Head of the Internal Audit and Risk Management Department ofJSC IDGC Holding shall be instructed:- to develop approaches to defining the violation materiality level for thepurpose of re porting b y the Internal C ontrol and Risk M anagement D ivisions o fSDCs of JSC IDGC Holding to the Audit Committees;- to ensure t he o rganization o f events t o ap ply the s imilar f orm andstructure of provision of i nformation to t he A udit C ommittees of t he B oards o fDirectors of the Companies on the work done in SDCs of JSC IDGC Holding;- to provide f or a c omparative e valuation of t ypes of violations r evealedwhen auditing financial and econ omic activities of SDCs and development ofproposals on how to re medy t hem i n t he report o f t he I nternal A udit and RiskManagement Department of JSC IDGC Holding.Approved unanimously.5. THE FOLLOWING PERSONS WERE HEARD:I. A. Alimuradova, G. I. Zhabbarova, and S. RemesRevision of the Action Plan of the Internal Audit and Risk ManagementDepartment of JSC IDGC Holding for 2010-2011.It was resolved as follows:5.1. The submitted amendments and supplements to the Action Plan of theInternal Audit and Risk Management Department of JSC IDGC Holding for July2010 – June 2011 shall be approved.Approved unanimously.3