OREANDA-NEWS. February 25, 2011. BoD session decided over a range of managing and corporate issues, including, reported the press-centre of IDGC of Urals:
 
Measures to decrease overdue receivables
To enhance control over overdue receivables as well as to take efficient measures to decrease it, the BoD approved the Company's schedule for decreasing overdue receivables and reconciliation as of 01.01.2011 and a completion report.
 
Corporate Governance
The BoD approved a CEO's report on the observance of the Corporate Governance Code as of 2H 2010. This report demonstrates the results of the measures taken by the Company on the following directions:

- general shareholder meetings;

- BoD activities;

- activities of the executive bodies;

- information disclosure;

- control over financial and operating activities;

- dividends.

The BoD approved a CEO's report on the execution of the BoD's instruction on transition to RAB tariff regulation. According to the report, regulators of the Sverdlovsk and Chelyabinsk regions approved long-term regulation parameters for Sverdlovenergo and Chelyabenergo in 2011-2015.

Elaboration of the Company's Innovative Development Program
The Board of Directors entrusted the CEO to elaborate and submit for BoD's review the Company's Innovative Development Program till June 2011 as well as to include R&D costs into the Company's budget in 2011 (2% of the revenues), in 2012 (2,5%) and starting from 2013 (3%).
 
Determination of the Company's (representatives') positions on agenda issue of the GSM and BoD sessions of the SACs

The Board of Directors entrusted its representative to vote "FOR" while adopting the following resolutions:

- liquidation of SK Privat-Energostrakh;

- approval of target KPIs in EESK, and EES;

- nomination of candidates to the BoD and Audit Commission of EESK, EES, Kurganenergo, and SK Privat-Energostrakh.