JSC IDGC of the North-West being the shareholder in subsidiaries (hereinafter, the subsidiaries) interacts with the latter guided y the requirements of Russian laws, the Company’s Articles of Association and Procedure for interaction of IDGC of the North-West with the companies where it has a participatory interest and other internal documents of the Company, as well as the Articles of Association and internal documents of its subsidiaries which determine a procedure for the Management Board and management bodies (Regulations on the Boards of Directors, Auditing Commissions etc).
The Procedure for interaction of IDGC of the North-West with the companies where the Company has a participatory interest was approved by the Company’s Board of Directors to:
The Company’s interest in the subsidiaries’ operations involve development and implementation of the corporate governance policy which cover the following areas:
Corporate governance of the subsidiaries of JSC IDGC of the North-West is performed by management and controlling bodies in line with the Company’s interests:
Subsidiary | Region | Types of activity | Company’s participatory interest in the capital, % | Revenue, RUB thous |
---|---|---|---|---|
JSC Pskovenergosgent | Pskov Region | Agency services imply services rendered to power companies involved in the sale and purchase of electricity and electricity transfer (distribution) to support sales on behalf of relevant power companies. | 100 | 242,791 |
JSC Pskovenergosbyt | Pskov Region | Electricity sale to legal entities and individuals. | 100 | 5,957,169 |
JSC Energoservice of the North-West | Leningrad Region |
Engineering, construction, and installation of electricity, hot and cold water meters. Repair and construction, installation and specialized installation scope for gas supply systems and facilities maintenance. |
100 | 4,978 |
The information on the management and control bodies of IDGC of the North-West subsidiaries is available on the Company’s website at http://www.mrsksevzap.ru/en/aboutsubsidiariesanddependententities/.