2014 Annual report
RU

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:

The structure of issues addressed in 2014 by the Personnel and Remuneration Committee
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