LSR Group Reports on Decisions of Board of Directors
OREANDA-NEWS. April 09, 2012. Board of Directors of OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG), hereinafter – LSR Group, reviewed all the items of the agenda and decided the following, reported the press-centre of LSR Group:
1. To approve LSR Group audited financial statements for 2011 (IFRS). To approve LSR Group financial and operational performance statements for 2011.
2. To take into account KPMG management letter.
3. To approve results of implementation of the key performance indicators of the LSR Group management incentive program for 2011.
4. In accordance with item 14.2, sub-item 31 of the Charter, to approve the decision for LSR Group to cancel membership in Non-Commercial Partnership “Russian-Chinese Business Council”.
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