OREANDA-NEWS. December 16, 2011. IDGC of Urals, (RTS and MICEX: MRKU) reports on the results of BoD session.
 
Determination of the Company's (representatives') positions on agenda issues of the GSM and BoD sessions of the SACs

The BoD entrusted the Company's representatives at EESK and EES on BoD agenda issues to vote "FOR" while adopting resolutions on the approval of 3Q 2011 KPI completion report and 3Q 2011 business plan (including investment programs) completion report.
 
Approval of a credit policy report

The BoD approved a 3Q 2011 credit policy report of the Company. As of 01.10.2011 our credit portfolio totaled RUR 4 166.8 mln. The Company observed all the set debt limits, debt financing was according to the amount of maximum debt rate as of the reported period approved by the BoD

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 01.10.2011 and a 3Q 2011 completion report.