Personnel and Remuneration Committee
The Personnel and Remuneration Committee of the Board of Directors of JSC IDGC of the North-West was created to ensure effective work of the Board of Directors in the matters of human resource planning and to develop necessary recommendations for the Board of Directors and the Company’s executive bodies.
Resolution of the Board of Directors of July 18, 2014 (Minutes No.160/2) determines the number of members of the Personnel and Remuneration Committee in the amount of nine people, the same resolution determines members of the Committee, consisting of members of the Board of Directors. Svetlana S. Zholnerchik was elected the Chairman of the Personnel and Remuneration Committee of the Board of Directors.
Prior to the approval in the second half of 2014 of a new version of the Provisions on the Personnel and Remuneration Committee of the Board of Directors of JSC IDGC of the North-West, the activity of the Personnel and Remuneration Committee was governed by the Regulations on the Personnel and Remuneration Committee of the Board of Directors of JSC IDGC of the North West approved by the Board of Directors on May 06, 2013 (Minutes No. 126/24). The new version of the Regulations, after a preliminary review by the Personnel and Remuneration Committee at the meeting of July 29, 2014 (Minutes No.2), was approved by the Company’s Board of Directors on August 22, 2014 (Minutes No.163/5).
In 2014, the Personnel and Remuneration Committee of the Company’s Board of Directors held 13 meetings, including one meeting — in person. Pursuant to the Regulation, at the meetings the Personnel and Remuneration Committee made decisions on the following essential issues:
- Preliminary assessment of candidates to the Board of Directors (resolution of March 06, 2014, Minutes No. 8; resolution of June 11, 2014, Minutes No.11) and to the position of the General Director (resolution of July 23, 2014, Minutes No.1); recommendations for the Board of Directors on the election and termination of powers of the members of the Management Board (resolution of February 12, 2014, Minutes No. 7, resolution of March 06, 2014, Minutes No. 8, resolution of June 11, 2014, Minutes No. 11; resolution of July 23, 2014, Minutes No.1; resolution of August 19, 2014, Minutes No. 3; resolution of September 16, 2014, Minutes No. 4; resolution of October 28, 2014, Minutes No. 6; resolution of December 22, 2014, Minutes No.7).
- The Committee prepared recommendations for approval of the following internal documents: New version of Regulations on the Personnel and Remuneration Committee of the Board of Directors of the Company (resolution of July 07, 2014, Minutes No.2), and Human Resources and Social Policy of the Company (resolution of December 22, 2014, Minutes No.7).
- The Committee preliminary considered the organizational structure of the executive body of JSC IDGC of the North-West (resolution of January 23, 2014, Minutes No.6, resolution of July 29, 2014, Minutes No. 2), typical organizational structure of management of a branch of JSC IDGC of the North-West (resolution of July 29, 2014, Minutes No. 2).
- The Committee preliminary approved candidates for certain positions in the executive office of the Company to be approved by the Board of Directors of the Company (resolution of April 30, 2014, Minutes No. 9, resolution of June 11, 2014, Minutes No. 11, resolution of July 23, 2014, Minutes No. 1, resolution of December 22, 2014, Minutes No.7);
- The Committee assessed the talent pool of young specialists of JSC IDGC of the North-West (resolution of August 19, 2014, Minutes No.3).
The structure of issues addressed in 2014 by the Personnel and Remuneration Committee