Minutes of 21.06.2019 № 291

MINUTES No. 291

OF THE MEETING OF THE BOARD OF DIRECTORS


Date and time of the meeting of the Board of Directors (date and time of the vote count):

June 21, 2019, 11:00 a.m.

(Moscow time).

Date the minutes were drafted:

June 21, 2019

Form of meeting:

joint attendance

Place of the vote count:

7 Malaya Dmitrovka St., Moscow

Number of elected members of the Board of Directors:

 

13 persons

Members of the Board of Directors

who voted:

 

A. D. Avetisyan

M. S. Bystrov

P. S. Grachev

S. N. Ivanov

P. A. Livinskiy

V. V. Pivovarov

M. A. Rasstrigin

N. D. Rogalyov

Yu. P. Trutnev

S. V. Shishin

A. N. Shishkin

N. G. Shulginov


The meeting of the Board of Directors of RusHydro was personally attended by the Chairman of the Board of Directors Yu. P. Trutnev and the following members of the Board of Directors: A. D. Avetisyan, P. S. Grachev, V. V. Pivovarov, M. A. Rasstrigin, N. D. Rogalyov and N. G. Shulginov.

The following members of the Board of Directors of RusHydro submitted their opinion in writing: M. S. Bystrov, S. N. Ivanov, P. A. Livinskiy, S. V. Shishin, A. N. Shishkin.

In accordance with the Federal Law "On Joint-Stock Companies" and the Company's Articles of Association, a quorum for the meeting of the Board of Directors is present.

Attending nonmembers: B. B. Bogush, A. V. Kazachenkoм, S. A. Kirov, S. S. Koptyakov, M. G. Nagoga, D. I. Rizhinashvili, N. O. Filippova, E. A. Shchyogoleva

Corporate Secretary of RusHydro: N. G. Kovaleva.

Speaker on agenda item No. 1: member of the Management Board and First Deputy General Director of the Company A. V. Kazachenkov.

Speaker on agenda item No. 2: Director for Internal Control and Risk Management – Chief Auditor of the Company Elena Alexandrovna Shchyogoleva.

Yu. P. Trutnev, Chairman of the Board of Directors of the Company, opened the meeting in presentia.


AGENDA OF THE MEETING:

  1. Consideration of matters of significance to the Company.
  2. Matters of the organization of internal control and risk management.

DISCUSSION OF ITEMS AND VOTING RESULTS:


Item 1: Considering matters of significance to the Company. Progress of the construction of the Ust-Srednekanskaya HPP.

Heard: Member of the Management Board, First Deputy General Director A. V. Kazachenkov.

Speakers: M. A. Rasstrigin, N. G. Shulginov, N. D. Rogalyov, P. S. Grachev, A. D. Avetisyan, Yu. P. Trutnev.


Draft resolution put to vote:

To take into consideration information on the progress of the construction of the Ust-Srednekanskaya HPP (Schedule No. 1 to the Minutes).


Voting results:

For: 12 (A. D. Avetisyan, M. S. Bystrov, P. S. Grachev, S. N. Ivanov, P. A. Livinskiy, V. V. Pivovarov, M. A. Rasstrigin, N. D. Rogalyov, Yu. P. Trutnev, S. V. Shishin, A. N. Shishkin, N. G. Shulginov);

Against: 0;

Abstained: 0.


According to Clause 15.3 of Article 15 of the Articles of Association of RusHydro, the resolution on this item shall be adopted by a simple majority vote of the members of the Board of Directors taking part in the meeting.

Resolution adopted.


Item 2: Matters of the organization of internal control and risk management:

2.1. On approval of the report on the functioning and the results of internal assessment of the corporate system of internal control and risk management.

2.2. On approval of the Internal Control and Risk Management Policy of RusHydro Group.

2.3. On approval of the Risk-Appetite Methodology of RusHydro Group.


Heard: Director for Internal Control and Risk Management – Chief Auditor E. A. Shchyogoleva.

Speakers: N. G. Shulginov, M. A. Rasstrigin,  Yu. P. Trutnev.

Draft resolution put to vote:

  1. To approve the report on the functioning and the results of internal assessment of the corporate system of internal control and risk management (Schedule 2 to the Minutes).
  2. To instruct the Company to develop an action plan based on internal assessment of the internal control and risk management system conducted as of 2018 year-end.

Voting results:

For: 12 (A. D. Avetisyan, M. S. Bystrov, P. S. Grachev, S. N. Ivanov, P. A. Livinskiy, V. V. Pivovarov, M. A. Rasstrigin, N. D. Rogalyov, Yu. P. Trutnev, S. V. Shishin, A. N. Shishkin, N. G. Shulginov);

Against: 0;

Abstained: 0.


According to Clause 15.3 of Article 15 of the Articles of Association of RusHydro, the resolution on this item shall be adopted by a simple majority vote of the members of the Board of Directors taking part in the meeting.

Resolution adopted.


Draft resolution put to vote:

  1. To approve the Internal Control and Risk Management Policy of RusHydro Group (Schedule No. 3 to the Minutes).
  2. To declare null and void the Internal Control and Risk Management Policy of RusHydro approved by decision of the Company's Board of Directors (Minutes No. 227 dated November 16, 2015).

Voting results:

For: 12 (A. D. Avetisyan, M. S. Bystrov, P. S. Grachev, S. N. Ivanov, P. A. Livinskiy, V. V. Pivovarov, M. A. Rasstrigin, N. D. Rogalyov, Yu. P. Trutnev, S. V. Shishin, A. N. Shishkin, N. G. Shulginov);

Against: 0;

Abstained: 0.


According to Clause 15.3 of Article 15 of the Articles of Association of RusHydro, the resolution on this item shall be adopted by a simple majority vote of the members of the Board of Directors taking part in the meeting.

Resolution adopted.


Draft resolution put to vote:

To approve the Risk-Appetite Methodology of RusHydro Group (Schedule No. 4 to the Minutes).

Voting results:

For: 12 (A. D. Avetisyan, M. S. Bystrov, P. S. Grachev, S. N. Ivanov, P. A. Livinskiy, V. V. Pivovarov, M. A. Rasstrigin, N. D. Rogalyov, Yu. P. Trutnev, S. V. Shishin, A. N. Shishkin, N. G. Shulginov);

Against: 0;

Abstained: 0.

According to Clause 15.3 of Article 15 of the Articles of Association of RusHydro, the resolution on this item shall be adopted by a simple majority vote of the members of the Board of Directors taking part in the meeting.

Resolution adopted.


Chairman

of the Board of Directors                                                            Yu. P. Trutnev


Corporate Secretary                                                                    N. G. Kovaleva

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