OREANDA-NEWS. April 15, 2011. "IDGC of Urals" (RTS and MICEX: MRKU) reports on the results of BoD session, reported the press-centre of IDGC of Urals.
 
BoD session decided over a range of managing and corporate issues, including:
 
Corporate Governance

The BoD of Directors decided to pre-term terminate the powers of K.Y. Petukhov, the Chairperson of the Strategy and Development Committee and to elect M.Y. Kurbatov, a MB member, Deputy General Director at IDGC Holding, OAO as the Committee Chairperson.

The current membership of the Committee is as follows:
The Committee Chairperson - Mikhail Yuryevich KURBATOV, MB member, Deputy General Director, IDGC Holding

Svetlana Aleksandrovna BALAEVA - Head of Investment Department, "IDGC Holding"

Yury Veniaminovich ADLER - Head of Section for Standards and Methodology of Corporate Governance and Shareholder Relations Department, "IDGC Holding"

Svetlana Sergeevna SOLOMATINA - Leading expert of Strategy and Development Center, "IDGC Holding"

Valery Mukhamedovich SHOGENOV – Deputy Department Director, Russian Ministry of Energy

Valery Nikolayevich RODIN - General Director, "IDGC of Urals"

Dmitry Sergeevich FEDOROV – Investment analyst, "Lider Infrastructura"

Nikolai Vladimirovich GORSHKOV – General Director, "Chelyabenergosetremont"
 
Approval of a credit policy report
The BoD approved a 4Q 2010 credit policy report of the Company. As of 01.01.2011 our credit portfolio totaled RUR 5 537.6 bln The Company observed all set debt limits, debt financing was according to the amount of maximum debt rate as of the reported period approved by the BoD.
 
Insurance coverage
The BoD reviewed a 4Q 2010 report on insurance coverage as well as approved AlfaStrakhovanie, as an underwriter in 2011-2013 (voluntary medical insurance, personal accident and sickness insurance). Besides, the BoD also approved the Company's Program of Insurance Coverage for 2011, elaborated under unified insurance ratios set forth by the Regulations on Insurance Coverage of IDGC of Urals.
 
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 approving adjusted CPIs of EESK, for 2011.
 
Approval of the internal documents
The BoD decided to introduce changes into the Regulations on the Personnel and Remuneration Committee in terms of the Committee's authority extension. To view the new edition of the Regulations, please, visit Section "Internal Documents" of the corporate web-site.