Audit Commission
Financial operations of IDGC of Urals, OAO 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 AGSM on June 25, 2010, was as follows:
- Lyudmila Dmitrievna KORMUSHKINA
Head of Audit Section at Internal Audit Department at IDGC Holding, OAO - Izumrud Aligadzhievna ALIMURADOVA
Head of Internal Audit Department at IDGC Holding, OAO - Irina Aleksandrovna PHILIPPOVA
Leading expert of Audit Section at Internal Audit Department at IDGC Holding, OAO - Tatyana Aleksandrovna SELIVERSTOVA
Head of Equity Section at Corporate Governance and Shareholder Relations Department at IDGC Holding, OAO - Vladimir Nikolayevich ARKHIPOV
First Deputy Head of Security Department at IDGC Holding, OAO
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 AC competence.
AC remuneration and payment procedure are determined by the Regulations on Remunerations and Compensations paid to the AC members, approved by the Company’s GSM.
*All AC positions are as of the election date.