Corporate governance
3.2.4

General director and executive board

Collegiate executive body (CEB) or Executive Board operates under the charter and bylaw, adopted by the General Meeting (Regulations on the Executive Board). The Regulations stipulate terms and procedure for convention and conduct of meetings as well as mechanics of decision-taking. The Executive Board manages current operations of the Company and reports to the Board of Directors and General Meeting. The Board is a group of competent specialists with outstanding expertise in relevant spheres, able to fulfill their duties in a due manner to manage the Company. The Company’s General Director is the Chair of the Executive Board in line with clause 2 Article 70 of the Federal Joint-Stock Companies’ Law and clause 23.3 of the Company’s Charter. The purview of the General Director covers all issues of the day-to-day operations of the Company, minus issues referred to the competence of the General Meeting of Stockholders, Board of Directors and Executive Board.

The charter envisages that the membership of the Executive Board is approved by the Board of Directors.

The following directors served on the Executive Board during 2017:

Name Short Biography 9 Interest/Common stock owned 2017 Security transaction statements
Sergey Georgievich DREGVAL Born in 1971. General Director. Educational background: Kiev International Civil Aviation University, Tyumen State Oil&Gas University (graduate degrees). 0 No statements filed
Yury Vyacheslavovich LEBEDEV* Born in 1963. First Deputy General Director – Chief Operating Officer. Educational background: Ivanovo Energy Institute (graduate degree). 0 No statements filed
Vadim Anatolyevich LOKTIN Born in 1969. Deputy General Director – Permenergo Director. Educational background: Urals Polytechnic Institute (graduate degree) 0 No statements filed
Valentina Mikhailovna SHCHERBAKOVA Born in 1966. Deputy General Director for Economics and Finance. Educational background: Novosibirsk State University (graduate degree). 0 No statements filed
Alla Aleksandrovna PETROVA Born in 1976. Deputy General Director for Corporate Governance. Educational background: Altay State University (graduate degree). 0 No statements filed
Aleksandr Mikhailovich KRIVYAKOV Born in 1952. Deputy General Director. Educational background: Kirov’s Urals Polytechnic Institute (graduate degree). 0 No statements filed
* in consistency with the Board resolution dated as of 30.06.2017[75] Executive Board authorities of Y.V. Lebedev were terminated, the composition of the Executive Board is 6 directors.

The Executive Board examines items during its meetings in a scheduled manner, factoring in resolutions of the General Meeting of Stockholders and Board of Directors as well as items proposed by the General Director and Executive Board members. During the reported period the Executive Board conducted 28 meetings. The Board focused on specification of current plans and decisions to secure target achievement. Besides, the Executive Board regularly examined budget completion reports, progress reports with regard to implementation of risk management program. The Executive Board also worked strenuously on materials and items to be approved by the Board of Directors, going deep into the issues to ensure high quality of the decisions.

SETTLEMENT OF COMPETING INTERESTS OF THE EXECUTIVE BOARD MEMBERS

The Company strives to prevent and minimize any consequences of possible conflicts of interest among its executives. The Company has a comprehensive system of dealing with conflicts of interest among executives that is aimed at preventing any potential conflicts of interest and minimizing their negative consequences to the interests of OAO IDGC of Urals.

The Regulations on the Executive Board at OAO IDGC of Urals10 state that the Executive Board members shall:

  • On a quarterly basis, within 15 days following the opening of the period, delate the following information to the Board of Directors, Board of Internal Auditors and auditor in writing:
    • legal entities in which s/he holds over 20% of voting stock under several or joint tenancy;
    • legal entities in which s/he holds management positions;
    • known implemented or future transactions in which s/he may be deemed a related party.
  • Within 15 days prior to the deal, notify the General Director and Board of Directors on oncoming transactions in which s/he may be deemed a related party.

In addition, simultaneous service of EB members on the management bodies or other paid positions in other companies shall be possible only if approved by the Board of Directors.

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Full report or any of its chapters can be downloaded as pdf files on this page.
1About company
1.1Mission and strategic goals
1.2Market share
1.3Management systems
1.4Key 2017 events
2Board of directors’ progress report
2.1Letter to stockholders
2.2Production capital formation
2.2.1Network exploitation
2.2.2Electricity transmission
2.2.3Technological connection
2.2.4Development of telecommunications and IT systems
2.2.5Investments
2.2.6Innovations
2.2.7Efficacy enhancement
2.3Financial capital formation
2.3.1Description of tariff policy
2.3.2Analysis of revenues and expenses
2.3.3Analysis of receivables and payables
2.3.4Credit ratings and bonds
3Corporate governance
3.1Corporate governance practices
3.2Corporate governance system
3.2.1General meeting of stockholders
3.2.2Board of Directors
3.2.3Board of directors’ committees
3.2.4General director and executive board
3.2.5Remuneration and compensation policy
3.3Oversight system
3.3.1Board of internal auditors
3.3.2Independent auditor
3.3.3Internal control
3.3.4Security and anti-corruption
3.3.5Risk management
3.4Investor and stockholder relations
3.4.1Shareholder capital structure
3.4.2 Shareholder rights
3.4.3The company and stock market
3.4.4Communications with market participants
3.4.5FAQ
3.4.6Allocation of profit
3.4.7Contact information
4Stakeholder
4.1Human resources management
4.2Customer support
4.3Supplier relationship management
4.4Public and goverment relations
4.5Company’s transactions
4.6Subsidiaries and financial investments
4.7Environment protection
5Appendices
5.1Prepared under Russian accounting standards
5.2Prepared under international financial reporting standards
5.3Corporate governance code compliance report
5.4References
5.5Abbreviations and acronyms
5.6Sitemap