OREANDA-NEWS. March 17, 2014. March saw an in-absentia BoD session which reviewed a range of managing and corporate issues.
 
Review of shareholder proposals to introduce issues into the AGM's agenda and nominate candidates to management and control bodies

According to the Company's Charter, the procedure of candidate nomination to management and control bodies to be elected by AGM was finished. The Board of Directors reviewed proposals on BoD and Audit Commission candidate nomination submitted by the shareholders possessing no less than 2% of voting shares.
 
BoD's voting resulted in approval of the following list of BoD candidates to be elected on the AGM:

Sergey Vladimirovich Sergeev, Deputy General Director for Capital Construction at Rosseti,

Viktor Viktorovich Mamin, Director of the Department for Corporate Governance, Price  Environment and Control Audit in Fuel and Energy Industries at the Russian Ministry of Energy

Sergey Alekseevich Petrov, Head of the Directorate for Grid Exploitation Management of Production Asset Management Department at Rosseti,

Yuri Vladimirovich Goncharov, Deputy General Director for Corporate Governance at Rosseti,

Yulia Vitalyevna Yascheritsyna, Head of Economic Planning and Budgeting Department at Rosseti,

Valeryi Nikolayevich Rodin, General Director at IDGC of Urals,

Denis Aleksandrovich Malkov, Head of Metering and Sales Department at Rosseti,

Sergey Vasilyevich Podlutskyi, Head of Consolidated Planning and Reporting Directorate of Investment Department at Rosseti,

Anton Mikhailovich Kislyakov, Head of the Directorate for Current Operations of Legal Department at Rosseti,

Valentin Mikhailovich Komarov, Deputy Head of the Directorate for Special Project Arrangement of Special Project Implementation Department at Rosseti,

Tatyana Aleksandrovna Seliverstova, Head of Securities and Information Provision Section of Corporate Governance and Shareholder Relations Department at Rosseti,

Stanislav Dmitrievich Kovalevskyi, 3rd degree chief specialist of Privatization and Corporate Governance Section at Territorial Department of Russian Property Fund in the Sverdlovsk region
Denis Igorevich Chernov, chief specialist, expert of Privatization and Corporate Governance Section at Territorial Department of Russian Property Fund in the Sverdlovsk region

Sergey Sergeevich Ezimov, Portfolio advisor at a branch of Wermuth Asset Management GmbH,

Konstantin Mikhailovich Yushkov, Portfolio advisor at a branch of Wermuth Asset Management GmbH,

Seppo Uha Remes, General Director at Kiuru,

Igor Nikolayevich Repin, Deputy Executive Director at Association for Investor Rights Protection

Sergey Vadimovich POKROVSKY, Deputy Executive Director at Association for Investor Rights Protection

Mikhail Viktorovich AZOVTSEV, Project Director at GK RENOVA,

Evgenyi Rudolfovich VILLEVALD, Project Director at GK RENOVA,

Natalya Aleksandrovna OZHE, Project Director at GK RENOVA,

Mikhail Evgenyevich Kharitonov, Project Director at GK RENOVA,

Yakov Savelyevich Tesis, Project Director at GK RENOVA,
 
The Board of Directors is a collegiate management body of the Company; it executes general management over the Company's activity, except for the issues being the competence of AGM according to federal legislation and the Charter. The BoD is annually elected by the AGM (number of members equaling 11) using cumulative voting.
 
The Board of Directors also approved the following candidates to the Company's Audit Commission:

Svetlana Anatolyevna Kim, Head of Control and Internal Audit Directorate of Internal Audit and Control Department at Rosseti,

Elena Polikarpovna Kuznetsova, Head of Common Audit and Control Section of Control and Internal Audit Directorate of Internal Audit and Control Department at Rosseti,

Sergey Vladimirovich Malyshev, Leading expert of Control and Internal Audit Directorate of Internal Audit and Control Department at Rosseti,

Sergey Ivanovich Ochikov, Leading expert of Control and Internal Audit Directorate of Internal Audit and Control Department at Rosseti,

Irina Pavlovna Lukovkina, Leading Expert of Control and Risk Directorate of Internal Audit and Control Department at Rosseti,

Aleksandra Stanislavovna KOVALEVSKAYA, chief specialist, expert of Privatization and Corporate Governance Section at Territorial Department of Russian Property Fund in the Sverdlovsk region

Aleksey Veniaminovich BELSKY, Head of Corporate Secretary Directorate at KES,
 
The Audit Commission executes control over financial and operating activities of the Company; it is elected (number of members equaling 5) by AGM in procedure stipulated in the current legislation and the Charter for 1 year.
 
Determination of a BoD session date to decide over AGSM-related issues

The Company's Board of Directors approved that the BoD sessions to consider issues related to preparation to AGM (defining the date, time and place of AGM, AGM agenda, register date, etc.) will be held till April 11, 2014 and April 22, 2014.