Minutes of 28.07.2010 №103

Minutes of July 28 No. 103


Date and time of the Board of Directors meeting

(date and time of vote counting):                                      July 28, 2010, 10.00 a.m.

                                                                                     (Moscow time)

Minutes Dated:                                                                July 28, 2010

Form of vote:                                                                  collective attendance

Site of vote counting:                                                       Mosсow, Schepkina Str., 42

Number of elected members of the Board of Directors:         13


Members of the Board of Directors present at meeting:

                                                                                    S. I. Shmatko

                                                                                    A. B. Ballo

                                                                                    S. S. Beloborodov

                                                                                    E. P. Volkov

                                                                                    E. V. Dod

                                                                                    V. M. Zimin

                                                                                    G. M. Kurtser

                                                                                    N. G. Kutyin

                                                                                    A. B. Malyshev

                                                                                    R. R. Sharipov


A. B. Ballo, member of the Board of Directors, submitted a written opinion on issues 1, 2, 3, 4, 5, 6, 7 of the agenda.

In compliance with the Federal Law on Joint-Stock Companies and the company's Articles of Association the quorum for conducting the Board of Directors Meeting is present.

 

AGENDA OF THE BOARD OF DIRECTORS MEETING:

 

1. Election of the Chairman of the Board of Directors.

2. Election of the Deputy Chairman of the Board of Directors.

3. Audit Committee under the supervision of the company's Board of Directors.

4. Human Resources and Remuneration Committee under the supervision of the company's Board of Directors.

5. Energy Efficiency, Reliability and Innovations Committee under the supervision of the company's Board of Directors.

6. On Strategy Development Committee under supervision of the company's Board of Directors.

7. Investment Committee under the supervision of the company's Board of Directors.

8. Business priorities of the company (CONFIDENTIAL).


RESULTS OF VOTING ON AGENDA:


Matter 1: Election of the Chairman of the Board of Directors.

 

Decision:

Elect Sergey Ivanovich Shmatko Chairman of the Board of Directors.

 

Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.

Matter 2: Election of the Deputy Chairman of the Board of Directors.


Decision:

Elect Marina Valeryevna Seliverstova Deputy Chairman of the Board of Directors.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 3: Audit Committee under the supervision of the company's Board of Directors.

 

Decision:

3.1.  Elect the Audit Committee under the supervision of JSC RusHydro's Board of Directors in the following composition:


1.

Rashid Ravelevich Sharipov

Member of the Board of Directors of JSC RusHydro

- independent director

2.

Grigory Markovich Kurtser

Member of the Board of Directors of JSC RusHydro

- independent director

3.

Andrey Borisovich Malyshev

Member of the Board of Directors of JSC RusHydro

- independent director



3.2.  To elect Rashid Ravelevich Sharipov as Chairman of the Audit Committee under the supervision of the Board of Directors of JSC RusHydro.

 

Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.



Matter 4: Human Resources and Remuneration Committee under the supervision of the company's Board of Directors.

 

Decision:

4.1.  Elect the Human Resources and Remuneration Committee under the supervision of the company's Board of Directors in the following composition:


1.

Grigory Markovich Kurtser

Member of the Board of Directors of JSC RusHydro

- independent director

2.

Victor Mikhailovich Zimin

Member of the Board of Directors of JSC RusHydro

3.

Eduard Petrovich Volkov

Member of the Board of Directors of JSC RusHydro



4.2.  Elect Grigory Markovich Kurtser as Chairman of the Human Resources and Remuneration Committee under the supervision of the Board of Directors of JSC RusHydro.

 

Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.



Matter 5: Energy Efficiency, Reliability and Innovations Committee under the supervision of the company's Board of Directors.


Decision:

5.1.  Elect the Energy Efficiency, Reliability and Innovations Committee attached to the company's Board of Directors:


1.

Nikolay Georgievich Kutyin

Head of the Rostechnadzor, Member of JSC RusHydro's Board of Directors

2.

Eduard Petrovich Volkov

General Director of the Krzhanovsky Institute of Energy, member of the Board of Directors of JSC RusHydro, member of the Russian Academy of Sciences

3.

George Ilyich Rizhinashvili

Deputy Chairman of the Management Board

JSC RusHydro



4.

Rakhmetulla Shamshievich Alzhanov

Deputy Chairman of the Management Board

JSC RusHydro

5.

Victor Vasilyevich Kudryavy

Advisor to President, CJSC Eurocement Group, Member of JSC RusHydro's Board of Directors, Doctor of Technical Science

6.

Sergey Alekseevich Mikhailov

Director of the State Department of Energy Policy and Efficiency of the Ministry of Energy of Russia

7.

Boris Borisovich Bogush

Member of the Management Board, JSC RusHydro

8.

Evgeny Nikolaevich

Bellendir

General Director of JSC B. E. Vedeneyev VNIIG, Doctor of Technical Science

9.

Aleksey Viktorovich

Maslov

Member of the Management Board, JSC RusHydro

10.

Victor Mikhailovich Zimin

Chairman of the Government of the Republic of Khakassia, Member of the Board of Directors of JSC RusHydro


5.2. Elect Nikolay Georgievich Kutyin as Chairman of the Reliability, Energy Efficiency and Innovations Committee under the supervision of the Board of Directors of JSC RusHydro.

 

Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.



Matter 6: On Strategy Development Committee under supervision of the company's Board of Directors.

 

Decision:

6.1. To elect the Strategy Development Committee under the supervision of the company's Board of Directors:


1.

Andrey Borisovich Malyshev

Deputy General Director, State Corporation Rosnanotech

2.

Maria Gennadyevna Tikhonova

Director of the Economic Regulation and Property Relations Department in FEC of the Ministry of Energy of the Russian Federation

3.

Aleksandr Sergeevich Yugov

Head of the Oil and Gas and Mineral Raw Materials Industry Department under the supervision of the Administration for Infrastructural Branches and Organisations of the VPK Rosimushestvo

4.

Valentin Efimovich Mezhevich

Member of the Federation Council of the Federal Assembly of the Russian Federation, First Deputy Chairman of Natural Monopolies Commission of the Federation Council

5.

Vsevolod Valeriyanovich Gavrilov

Head of the Directorate for Project Management in the sphere of power supply and environmental management of Sberbank of Russia

6.

Sergey Sergeevich Beloborodov

Member of the Board of Directors of JSC RusHydro

7.

Eduard Petrovich

Volkov

Member of the Board of Directors of JSC RusHydro

8.

Viktor Ivanovich Danilov-Danilyan

Director, Institute of Water Problems attached to the RAS

9.

George Ilyich Rizhinashvili

Deputy Chairman of the Management Board

JSC RusHydro

10.

Gorev Evgeny Evgenyevich

Member of the Management Board, JSC RusHydro


6.2. To elect Andrey Borisovich Malyshev as Chairman of the Strategy Development Committee under the supervision of the Board of Directors of JSC RusHydro.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


Matter 7: Investment Committee under the supervision of the company's Board of Directors.


Decision:

7.1.  To elect the Investment Committee under the company's Board of Directors in the following composition:


1.

Anatoly Borisovich Ballo

Deputy Chairman of the Management Board of State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank)

2.

Denis Aleksandrovich Nozdrachev

Chairman of the Management board of JSC CB Svyaz-Bank

3.

Mikhail Igorevich Poluboyarinov

Infrastructure Department Director of the State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)"

4.

Maksim Borisovich Egorov

Head of the Federal Tariff Service Administration for Price Setting Control and Regulation in the Power Engineering Industry

5.

Mikhail Alekseevich Mantrov

Deputy Chairman of the Management Board

JSC RusHydro

6.

George Ilyich Rizhinashvili

Deputy Chairman of the Management Board

JSC RusHydro

7.

Vladimir Vitalyevich Tatsy

First Vice President, JSC Gasprombank

8.

Matvey Vladimirovich Taits

Senior Analyst of the Analytical Research Department of JSC Uralsib Capital

9.

Maria Gennadyevna Tikhonova

Director of the Economic Regulation and Property Relations Department in FEC of the Ministry of Energy of the Russian Federation

10.

Vasily Vladislavovich Nikonov

Director of the Electricity Development Department under the supervision of the Ministry of Energy of the Russian Federation


7.2.  Elect Anatoly Borisovich Ballo as Chairman of the Investment Committee under the supervision of the Board of Directors of JSC RusHydro.


Voting results:

"For" - 10 (S. I. Shmatko, A. B. Ballo, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.


COMMERCIAL SECRET COPIES No. 1


Matter 8: Business priorities of the company (CONFIDENTIAL).


Decision:

The text of the resolution contains confidential information.


Voting results:

"For" - 9 (S. I. Shmatko, S. S. Beloborodov, E. P. Volkov, E. V. Dod, V. M. Zimin, G. M. Kurtser, N. G. Kutyin, A. B. Malyshev, R. R. Sharipov)

"Against" - 0

"Abstained" - 0

Decision made.

Members of the Board of Directors discussed the following matters of an absentee meeting of JSC RusHydro's Board of Directors planned to be held on 29.07.2010 at the meeting in the presence of the Board of Directors:

-   Possibilities of loan raising by the company;

-   Procedure for placement of securities by the company.

Regarding the placement of a bond loan (loan raising by the company) the members of the Board of Directors have found it expedient to place the company's bonds with mandatory indication of upper price limit of planned borrowing to the sum of 9.5 per cent per year.

Regarding the placement of additional shares of JSC RusHydro for the benefit of JSC Hydroinvest (100 per cent affiliate of JSC RusHydro) the members of the Board of Directors have found it expedient to place additional shares of the company for the benefit of JSC RusHydro's affiliate - JSC Hydroinvest in full quantity of non-placed additionally released shares (state registration number of share release is 1-01-55038-Е-038D dated 19.11.2009) with the simultaneous requirement to the Management Board of JSC RusHydro within one month to submit a strategy for this block of shares to be managed by JSC Hydroinvest for consideration of the Board of Directors of JSC RusHydro.





Chairman of the Board of Directors                                     S. I. Shmatko


Secretary of the Board of Directors                                     M. M. Davydov

Your application has been accepted. The answer will be prepared and sent within 20 calendar days. ok