Audit Commission

 Financial operations of IDGCInterregional Distributive Grid Company of Urals, OAOForm of business ownership in Russia (Open Joint-Stock Company) are controlled by the Audit Commission, according to item 24.1 of the Charter. The membership is 5 (Five) persons. During the reported period the membership of the Audit Commission, elected by the AGSMAnnual General Shareholder Meeting on June 13, 2013 was as follows:

Andrey Veniaminovich BELSKY
Lyudmila Dmitrievna KORMUSHKINA
Sergey Vladimirovich MALYSHEV
Valery Nikolayevich ZAKHARCHUK
Konstantin Sergeevich SEREBRYAKOV

Current membership of the Audit Commission was elected by the AGSMAnnual General Shareholder Meeting on June 27, 2014 consists of the following members:

Svetlana Anatolyevna KIM
Elena Polikarpovna KUZNETSOVA
Sergey Vladimirovich MALYSHEV
Sergey Ivanovich OCHIKOV
Irina Pavlovna LUKOVKINA

The Audit Commission covers the following spheres:
  • Audit of financial and operating documentation, including initial accounting documents (if required);
  • Audit of the legality of resolutions and performance of the executive bodies, including concluded contracts and completed transactions;
  • Audit of the compliance of transactions’ conditions with the conditions of transactions made under the comparable circumstances;
  • Analysis of the compliance of the accounting policy with the current regulatory documents;
  • Analysis of the financial status and detection of reserves for improving economic situation;
  • Analysis of timeliness and correctness of payments to contractors, various budgets, shareholders and other creditors;
  • Analysis of payments of debtors, including timeliness and adequacy of measures taken by the executive bodies;
  • Other activities under the ACAudit Commission competence.

During 2014 there were 6 sessions of the Commission. ACAudit Commission remuneration and payment procedure are determined by the Regulations on Remunerations and Compensations paid to the ACAudit Commission members, approved by the Company’s GSM. In 2014 ACAudit Commission members and engaged specialists earned RURRussian ruble 1,755.0 thousThousand. including taxes.