Annual report 2010

M. Yu. Kurbatov, member of the Committee, shall be instructed to improve theSpecification for the Development of the Strategy for the Development of the Distribution GridSector of the Russian Federation and JSC IDGC Holding subject to submitted opinions and send itto members of the Committee prior to October 29, 2010.Voting results:“FOR” - 9 persons V. M. Kravchenko, A. V. Demidov, V. V. Klimov,M. Yu. Kurbatov, V. V. Tatsiy, M. G. Tikhonova,I. V. Khvalin, V. A. Shkatov, and P. V. Shpilevoy“AGAINST”- none“ABSTAINED” - noneBallots were submitted by:“FOR” - 5 persons V. V. Nikonov, V. A. Gulyaev, S. Remes,N. G. Shulginov, and S. V. Serebryannikov“AGAINST”- none“ABSTAINED” - noneApproved unanimously.Issue 3: Determination of priorities of the Company’s activities: approval of thePrincipal Provisions and Procedure for the Implementation of the Incentive Program forManagers of JSC IDGC Holding and Its SDCs.The following person reported: A. V. De midov, Deputy Director General for EconomicAffairs and Finance of JSC IDGC Holding.The following persons were heard:V. M. Kravchenko, P. V. Shpilevoy, and M. G. Tikhonova.It was noted as follows:1. The principles of the Management Incentive Program comply with the standardapproaches a pplied i n ot her powe r c ompanies of t he Rus sian F ederation wi th t he gove rnment’sinterest.2. Appropriateness of m aking s uch de cision t o e ncourage t he m anagement o f J SCIDGC Hol ding a nd S DCs t o a chieve t arget i ndicators of t he company i n t he l ong t erm m oreeffectively.It was resolved as follows:It shall be recommended to the Board of Directors:To approve the Principal Provisions and Procedure for the Implementation of the IncentiveProgram for Managers of JSC IDGC Holding and Its SDCs.4