OJSC Kubanenergo
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Activity of the Board of Directors

In 2014, 23 meetings of the Board of Directors were held, all in absentia (by poll).

Activities of the Board of Directors in 2012–2014

 

2012

2013

2014

Number of Board meetings held

24

28

23

including in person and in absentia

1

3

0

Number of issues considered

317

311

224

including decisions made

290

307

224

Average participation of Board members in the work of the Board

72.5%

81.5%

80.8%

Participation of Board members in the meetings in 2014

Participation of Board members in the meetings in 2014

Issues considered by the Board of Directors of the Company in 2014

Issues considered by the Board of Directors of the Company in 2014



The most important decisions taken by the Board of Directors of OJSC Kubanenergo in the reporting year:

  • establishment of the following priority areas of activity:
    • certification of equipment, materials and systems at the facilities of the Company,
    • accessibility of energy infrastructure and quality of technological connection to power grids of the Company,
    • improvement of the system of internal control and risk management, development of the internal audit function; 
  • approval of the following strategic documents:
    • Company's business plan, including an investment program for 2015,
    • Program of energy saving and energy efficiency of the Company for 2015–2019,
    • Plan for the future development of OJSC Kubanenergo for 2014–2018,
    • Internal Audit Policy of the Company,
    • Human Resources and Social Policy of the Company,
    • Comprehensive program to reduce risk of injury of personnel and third parties at grid facilities of OJSC Kubanenergo,
    • Procurement Policy of the Company;
    • Company Standard on Technical Policy. Electric power accounting systems with remote data collection from wholesale and retail electricity markets at the facilities of OJSC Kubanenergo,
    • Regulations on the technical policy in the field of telecommunications of the Company,
    • inclusion into the Company's internal documents of the Policy of Innovation Development, Energy Saving and Energy Efficiency, Policy of engagement with society, consumers and authorities of JSC Russian Grids and Anti-Corruption Policy of JSC Russian Grids and its subsidiaries and affiliates,
    • amended list of projects in the field of energy saving and increasing economic efficiency suitable for implementation under energy service agreements (agreements),
    • adoption of new revisions of the Regulations on the Reliability Committee, the Committee for Personnel and Remuneration of the Board of Directors of the Company and the Central Tender Committee, Risk Management Policy, Internal Control Policy of the Company;
  • changes in the composition of the Management Board;
  • approval of the new organizational structure of executive bodies of OJSC Kubanenergo;
  • review of the reports of Director General on various aspects of financial and economic activities, including the implementation of the business plan and the investment program, as well as on the implementation of decisions of the Board of Directors;
  •   approval of interested party transactions;
  •  decision on accession of the Company into the Non-Profit Partnership of Territorial Grid Organizations.

Minutes of the meetings of the Board of Directors of OJSC Kubanenergo are available at www.kubanenergo.ru, in section About the Company / Management / Board of Directors