OREANDA-NEWS. August 03, 2012. The decision of the Board of Directors of IDGC of the North-West, of the current year terminated the powers of former members of the Management Board Vladimir Shestov and Georgy Turlov due to employment contract dissolution and shaped the quantitative and personal composition of three committees under the Board of Directors, reported the press-centre IDGC of North-West.

 The Committee for Strategy and Development composed of 10 persons has come to be headed by Director for Strategy, Development and Innovations of IDGC Holding, JSC Dmitry Pankov.

Deputy Executive Director for Economy and Finance of IDGC Holding, JSC Aleksey Demidov has been elected Chairman of the Personnel and Award Committee numbering 5 persons. Independent Director Seppo Remes, General Director of Kiuru, LLC, retained the position of head of the Audit Committee consisting of 7 members. The personal composition of the other committees (the Reliability Committee and the Committee for Technological Connection) will be determined at the next session of the Board of Directors to be held in August.

The main objective of the committees establishment is ensuring efficient operation of the Board of Directors of IDGC of the North-West, JSC. The committees represent advisory deliberative bodies of the Board of Directors, their task consisting in elaboration of recommendations (conclusions) on issues within the scope of their competencies and their submittal to the Board of Directors.