Results of the Board of Directors on December 23, 2014
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on December 23, 2014.
Development and implementation of KPIs as well as improvement of regulatory system of RusHydro align with the Company’s strategy. KPIs help to measure progress towards the Company’s goals on a regular basis.
Annual KPIs of Rushydro include:
The quarterly KPIs include:
The list of RusHydro’s KPIs and Methodology of calculation and valuation of KPIs are developed in compliance with the Guideline for KPIs of the state-owned companies approved by the Federal Agency for State Property Management (Rosimushchestvo). New documents were developed in order to improve the efficiency of publicly owned joint stock companies as well as the government’s control over such companies.
[i] The indicator is set for the 1st and 4th quarter of the reporting year.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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