OJSC Kubanenergo
RussianEnglish (United Kingdom)


Committees of the Board of Directors

Committees of the Board of Director were established in order to ensure effective implementation by the Board of Directors of  OJSC Kubanenergo of its functions in relation to overall management of the Company.  The Committees have the status of advisory bodies engaged in profound elaboration of issues within the competence of the Board of Directors with subsequent preparation of recommendations for the Board of Directors.

Activities of all Committees are governed by respective regulations establishing purposes and tasks of a Committee, the procedure of establishment thereof and organization of work *.

Personal composition of each Committee is elected by the Board of Directors of the Company from the candidates proposed by members of the Board of Directors.

In the reporting year, recommendations to the Board of Directors were timely submitted by each Committee.

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

Members of Committees participating in meetings of the Committees of the Board of Directors are entitled to respective remuneration. The total remuneration paid to members of committees of the Board of Directors in 2014 amounted to 1,631 thousand Rubles. The Company has no outstanding amounts payable to any members of the Committees.


* See Regulations on the Committees of the Board of Directors of OJSC Kubanenergo at: www.kubanenergo.ru, in section About the Company / Constituent and in-house documents

Committees of the Board of Directors

Committees of the Board of Directors

Committees of the Board of Directors

Committees of the Board of Directors

 


* Positions of members of the Committees of the Board of Directors are indicated as at the time of their election.

** Extracts from the above minutes of the meetings of the Audit Committee of the Board of Directors are provided in here.