OREANDA-NEWS. September 07, 2010. Yekaterinburg (Ural Federal District, Russia) - OJSC "IDGC of Urals" (RTS and MICEX: MRKU) reports on the results of BoD session.

Approval of the Company's internal documents
The Board of Directors approved the Regulations on the dividend policy of IDGC of Urals, OJSC stipulating main principles and approaches in decision-taking on dividends. The document was elaborated and adopted to ensure transparency of dividend calculation and pay-out as well as to keep shareholders and other interested persons informed on the Company's dividend policy.

Corporate Governance
The Board of Directors approved the BoD Committee budgets for 2H 2010. The approval of the budgets, election of the Committees' Deputy Chairpersons and Secretaries as well as approval of the Committees' working plans create foundation for further fruitful BoD performance.

The BoD also decided over the expediency of cancelling the contract with the present registrar (Central Moscow Depositary, OJSC ) and arranging the procedures of selecting a new one.

Determination of the Company's (representatives') positions on agenda issue of the GSM and BoD sessions of the SACs
The BoD entrusted the Company's representatives to adopt a resolution on liquidation of the Company's subsidiaries - Sverdlovenergozhylstroy, OJSC and Permelektrosetremont, OJSC. This resolution was adopted due to expense minimization and absence of the recent subsidiaries' operations.