OREANDA-NEWS. March 03, 2010. (Ural Federal District, Russia) - ОАО "IDGC of Urals" (RTS and MICEX: MRKU) reports on the results of BoD session, reported the press-centre of IDGC of Urals.

The Board of Directors approved a CEO's report on observance of the Corporate Governance Code as of 2H 2009

This report demonstrates results of the measures taken by the Company on the following corporate directions:

- general shareholder meetings;
- BoD activities;
- managing board activities;
- information disclosure;
- control over financial and operating activities;
- dividends.

The Company observes most of the Code statements. To view the report, please, visit Section "Corporate Governance" at our corporate web-site.
 
The Board of Directors approved the underwriters for 2010

- Property fire and terrorism insurance, equipment and mechanism damage insurance - Open Joint-Stock Company "Insurance Company of Gas Industry" (ОАО "SOGAZ");

- Voluntary transport insurance - Open Joint-Stock Company "Insurance Company "ENERGOGARANT";

- Compulsory motor insurance - Limited Liability Company "Rosgosstrakh-Ural" (ООО "RGS-Ural");

- Compulsory civil liability insurance of the company exploiting dangerous production facilities

- Open Joint-Stock Company "Alfa Strakhovanie";

- Voluntary medical insurance - Open Joint-Stock Company "Alfa Strakhovanie";

- Personal accident and sickness insurance - Open Joint-Stock Company "Alfa Strakhovanie"
 
The Board of Directors determined positions of the Company's representatives on agenda issues of GSM and BoD sessions of the SACs

The Board of Directors entrusted the Company's representatives to vote "FOR" while taking the following decisions:

- to elect a new BoD of ООО "Security Service "Permenergo";
- to nominate a range of candidates to the BoD of OAO "Ekaterinburg Electric Grid Company";
- to nominate a range of candidates to the Audit Commission of ОАО OAO "Ekaterinburg Electric Grid Company";
- to nominate a range of candidates to the BoD of OAO "Ekaterinburgenergosbyt";
- to nominate a range of candidates to the Audit Commission of OAO "Ekaterinburgenergosbyt";
- to nominate a range of candidates to the BoD of OAO "Kurganenergo";
- to nominate a range of candidates to the Audit Commission of ОАО "Kurganenergo";
- to nominate a range of candidates to the BoD of ZAO "Insurance Company "Privat-Energostrakh".

The Board of Directors also approved the Budgets of the Committees on audit, reliability, personnel and remunerations, strategy and development.