OREANDA-NEWS. June 09, 2011. Extraordinary BoD meeting decided over a range of managing and corporate issues, including:
 
Approval of a credit policy report
The BoD approved a 1Q 2011 credit policy report of the Company. As of 01.04.2011 our credit portfolio totaled RUR 4 200.9 mln. The Company observed all the set debt limits, debt financing was according to the amount of maximum debt rate as of the reported period approved by the BoD, reported the press-centre of IDGC of Urals.
 
Determination of the Company's (representatives') positions on agenda issues of the GSM and BoD sessions of the SACs

The BoD entrusted its representatives at EESK, EES, Insurance Company Privat-Energostrakh, Uralenergotrans, Security Service Permenergo, on BoD and GSM agenda issues to vote "For" while adopting resolutions on the approval and distribution of net profit (loss) as of 2010 financial year. In regard to the approval and distribution of Kurganenergo 2010 net profit (loss) the representatives were entrusted to vote "Against" while adopting the resolution.

The Board of Directors also entrusted its representatives at the above-mentioned companies to ensure the election of its candidates to Boards of Directors and Audit Commissions.