Resolutions of the Board meeting conducted Dec.30, 2017

09 January 2018

On Dec. 30, 2017 the IDGC of Urals’ Board of Directors has conducted an in-absentia Board meeting. In the course of the meeting directors have scrutinized and decided on the range of administrative and corporate issues. 

During the meeting the Board of Directors has examined and decided on several issues related to insurance coverage:
- 2018 Insurance Coverage Plan was adopted;
- Amended and Restated Regulations on Insurance Coverage was adopted;
- the following insurer was approved as a Company's underwriter:

Insurance type

Insurance company

Insurance period

Voluntary motor insurance

АО SOGAZ

01.01.2018 - 31.12.2018

During the meeting the Board of Directors has also reviewed and decided on issues related to Internal Audit Department performance. Directors have adopted the IAD action plan and budget for FY2018 as well as KPI Calculation and Evaluation Methodology for its head.

Besides, the Board of Directors has examined management’s report regarding elimination of violations and weaknesses revealed by the Board of Internal Auditors in the course of FY2016 performance audit, adopted the 2018-2020 collective agreement, introduced amendments to the 2016-2018 Enforcement of PAMS action plan as well as decided on other items of the meeting agenda.

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