Elections of Members of Board of Directors
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Information Translation JSC Inter RAO 2014 Annual Report
1 Information translation JSC Inter RAO 2014 Annual Report Preliminarily approved by the Board of Directors of JSC Inter RAO on April 07, 2015 (Minutes No. 138 of the meeting of the Board of Directors dated April 09, 2015). Management Board Boris Kovalchuk Chairman Chief Accountant Alla Vaynilavichute 2 Table of content 1 Report overview ........................................................................................................................ 4 2 General information on Inter RAO Group .................................................................................. 8 2.1 About Inter RAO Group ..................................................................................................... 8 2.2 Group's key performance indicators ................................................................................. 14 2.3 Inter RAO Group on the energy market ........................................................................... 15 2.4 Associations and partnerships ......................................................................................... 15 3 Statement for JSC Inter RAO shareholders and other stakeholders ........................................ 18 4 Development strategy of Inter RAO Group and its implementation ......................................... 21 4.1 Strategy of the Company ................................................................................................. 21 4.2 Business model .............................................................................................................. -
Specialised Asset Management
specialised research and investment group Russian Power: The Greatest Sector Reform on Earth www.sprin-g.com November 2010 specialised research and investment group Specialised Research and Investment Group (SPRING) Manage Investments in Russian Utilities: - HH Generation - #1 among EM funds (12 Months Return)* #2 among EM funds (Monthly return)** David Herne - Portfolio Manager Previous positions: Member, Board of Directors - Unified Energy Systems, Federal Grid Company, RusHydro, TGK-1, TGK-2, TGK-4, OGK-3, OGK-5, System Operator, Aeroflot, etc. (2000-2008) Chairman, Committee for Strategy and Reform - Unified Energy Systems (2001-2008) Boston Consulting Group, Credit Suisse First Boston, Brunswick. * Top 10 (by 12 Months Return) Emerging Markets (E. Europe/CIS) funds in the world by BarclayHedge as of 30 September 2010 ** Top 10 (by Monthly Return) Emerging Markets (E. Europe/CIS) funds in the world by BarclayHedge as of 31 August 2010 2 specialised research and investment group Russian power sector reform: Privatization Pre-Reform Post-Reform Government Government 52% 1 RusHydro 1 FSK RAO ES RAO UES 58% 79% hydro generation HV distribution 53% Far East Holding control control Independent energos 53% 1 MRSK Holding 14 TGKs 0% (Bashkir, Novosibirsk, ~72 energos 0% generation (CHP) generation Irkutsk, Tat) 35 federal plants transmission thermal 11 MRSK distribution 51% hydro LV distribution 0% ~72 SupplyCos supply 6 OGKs other 0% generation 45% InterRAO 0% ~100 RepairCos Source: UES, Companies Data, SPRING research 3 specialised research -
a Leading Energy Company in the Nordic Area
- a leading energy company in the Nordic area Presentation for investors September 2007 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Fortum shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser. 2 • Fortum today • European power markets • Russia • Financials / outlook • Supplementary material 3 Fortum's strategy Fortum focuses on the Nordic and Baltic Rim markets as a platform for profitable growth Become the leading Become the power and heat energy supplier company of choice Benchmark business performance 4 Presence in focus market areas Nordic Generation 53.2 TWh Electricity sales 60.2 TWh Distribution cust. 1.6 mill. Electricity cust. 1.3 mill. NW Russia Heat sales 20.1 TWh (in associated companies) Power generation ~6 TWh Heat production ~7 TWh Baltic countries Heat sales 1.0 TWh Poland Distribution cust. 23,000 Heat sales 3.6 TWh Electricity sales 8 GWh 2006 numbers 5 Fortum Business structure Fortum Markets Fortum's comparable Large operating profit in 2006 NordicNordic customers EUR 1,437 million Fortum wholesalewholesale Small Power marketmarket customers Generation Nord Pool and Markets 0% bilateral Other retail companies Deregulated Distribution 17% Regulated Transmission Power and system Fortum Heat 17% Generation services Distribution 66% 6 Strong financial position ROE (%) EPS, cont. (EUR) Total assets (EUR billion) 20 1.50 1.42 20.0 16.8 17.5 17.3 1.22 18 15.1 -
Joining Efforts Annual Report 2018 | Joining Efforts
JOINING EFFORTS JOINING EFFORTS ANNUAL REPORT IDGC OF CENTER AND VOLGA REGION, PJSC ANNUAL REPORT 2018 | JOINING EFFORTS INFORMATION ABOUT THE REPORT The Annual Report of IDGC of Center and Volga Region for 2018 (hereinafter “the Annual Report”) represents the production and financial results and covers certain aspects of the Company’s corporate governance activities. The Annual Report also includes a brief disclosure of information about the Company’s activities associated with its sustainable growth using certain elements of the GRI Standards methodology, and identifying the UN goals, to which the Company is committed. A more detailed information disclosure on sustainable development issues in full compliance with the requirements of the GRI Standards methodology is provided as part of a specialized report published on the Company’s official website every two years (https://www.mrsk-cp.ru/stockholder_investor/ disclosure_reporting_info/sotsialnye-otchety/). The Annual Report was prepared based on the effective data available to the Company at the time of its drafting. Financial and economic indicators contained in the Annual Report comply with the IFRS, unless otherwise specified. In a number of sections of the Annual Report, figures for the previous periods and expectations, forecasts or plans of the Company regarding future periods are provided to demonstrate the dynamics of significant processes. The information disclosed in the Annual Report, with the exception of financial results under the IFRS, does not include subsidiaries and affiliates of IDGC of Center and Volga Region, as they do not have a significant impact neither on the Company’s performance indicators, nor on the results of its activities aimed at sustainable development. -
ANNUAL GENERAL MEETING of SHAREHOLDERS Public Joint-Stock Company Inter RAO UES Location: Moscow, Russian Federation
ANNUAL GENERAL MEETING OF SHAREHOLDERS Public Joint-Stock Company INTER RAO UES May 21, 2018 Information (materials) provided in preparation for the AGM 2018 Contents NOTIFICATION ON HOLDING OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS .............. 3 VOTING AT THE GENERAL MEETING OF COMPANY SHAREHOLDERS .................................................... 7 RECOMMENDATIONS OF THE BOARD OF DIRECTORS AND VOTING PROCEDURE ON AGENDA ITEMS OF THE MEETING .......................................................................................................................................... 8 1. Approval of the Company's annual report ............................................................................................. 10 2. Approval of the Company's annual accounting (financial) statements ................................................ 11 3. Distribution of the Company's profit and loss ........................................................................................ 16 4. Payment (declaration) of dividends based on 2017 results .................................................................... 16 5. Payment of remuneration to Members of the Company Board of Directors ...................................... 23 6. Payment of remuneration to Members of the Company Revision Commission.................................. 24 7. Election of Members of the Company Board of Directors .................................................................... 25 8. Election of Members of the Revision Commission of the Company .................................................... -
2017 Annual Report of PJSC Inter RAO / Report on Sustainable Development and Environmental Responsibility
INFORMATION TRANSLATION Draft 2017 Annual Report of PJSC Inter RAO / Report on Sustainable Development and Environmental Responsibility Chairman of the Management Board Boris Kovalchuk Chief Accountant Alla Vainilavichute Contents 1. Strategic Report ...................................................................................................................................................................................... 8 1.1. At a Glance .................................................................................................................................................................................. 8 1.2. About the Report ........................................................................................................................................................................ 11 Differences from the Development Process of the 2016 Report ............................................................................................................ 11 Scope of Information ............................................................................................................................................................................. 11 Responsibility for the Report Preparation .............................................................................................................................................. 11 Statement on Liability Limitations ......................................................................................................................................................... -
Public Joint-Stock Company Issuer’S Code: 10214-A
QUARTERLY REPORT "Interregional Distribution Grid Company of Centre", Public Joint-Stock Company Issuer’s code: 10214-A for Quarter 1, 2016 Location of the issuer: 2nd Yamskaya, 4, Moscow, Russian Federation, 127018 The information containing in this quarterly report is subject to disclosure in accordance with the legislation of the Russian Federation on securities ____________ O.Y. Isaev General Director signature Date: 13 May 2016 Chief Accountant - Head of Financial and Tax Accounting and ____________ L.A. Sklyarova signature Reporting Department Date: 13 May 2016 Contact person: Principal Specialist of Corporate Office of the Department for Corporate Governance and Interaction with Shareholders, Yulia Dmitrievna Naumova Phone: (495) 747-9292 #3286 Fax: (495) 747-9295 E-mail: [email protected] Internet site used by the issuer for the information disclosure, containing in this quarterly report: http://www.e-disclosure.ru/portal/company.aspx?id=7985; http://www.mrsk-1.ru/ru/information/. 1 Table of contents Table of contents .............................................................................................................................................. 2 Introduction ...................................................................................................................................................... 5 Section I. Data on bank accounts, on the auditor, appraiser and financial adviser of the issuer, and also persons, who signed the quarterly report ........................................................................................................................ -
Identifying Russia's Structural Leaders
June 7, 2011 GS SUSTAIN Equity Research Identifying Russia’s structural leaders Identifying long-term winners with SUSTAIN Russia Structural Leaders List We have applied the GS SUSTAIN framework to We have identified eight companies that have RUSSIA STRUCTURAL LEADERS 75 companies across our Russian coverage to delivered and in our view will continue to deliver y identify those well positioned to deliver long-term industry leading cash returns: Mechel, EDCL, Company Sector quality quartile position quartile Management CROCI CROCI average 2011- % 13E, CROCI change 2006-10, % quartile CROCI outperformance through sustained high cash Alliance Oil, Rosneft and Novatek in the natural Novatek Energy 32.1% 0.3% 1 1 1 Oil Serv & Pipe Eurasia Drilling Co 28.2% -2.1% 2 1 1 returns. The framework combines forecast cash resources space and Magnit, Cherkizovo and M- producers Mechel Steel 21.9% -0.6% 2 1 1 returns with objective measures of industry Video in the consumer segment. Investing in this Alliance Oil CompaEnergy 17.4% 0.8% 2 1 1 Magnit (GDR) Consumer 17.1% -0.2% 2 1 1 positioning and management quality, which in a list of companies would have generated over Cherkizovo Group Consumer 16.1% 1.2% 2 1 2 M-VIDEO Consumer 15.0% 1.4% 2 1 2 Russian context focus predominantly on 300% outperformance vs. the MSCI Russia since Rosneft Energy 13.9% 1.0% 2 1 2 ownership and corporate governance issues. January 2006. RUSSIA STRUCTURAL LEADERS WATCH LIST Russia at the intersection of global structural Russia Structural Leaders Watch List Company Sector dust y CROCI average 2011-13E, % CROCI change 2006-10, % quartile CROCI position quartile Management quality quartile trends Disclosure remains sub par in many Russian Uralkali Mining 38.3% 2.4% 1 1 3 Globaltrans Transport 20.3% 2.3% 1 1 3 Oil Serv & Pipe Russia’s economy and equity market are corporates and is the main reason why a number ChelPipe 18.0% -1.3% 2 1 3 producers undergoing a dramatic transformation through of companies that are forecast to generate Mail.ru Group Ltd. -
An Overview of Boards of Directors at Russia's Largest
An Overview of Boards of Directors at Russia’s Largest Public Companies Andrei Rakitin Milena Barsukova Arina Mazunova Translated from Russian August 2020 Key Results According to information disclosed by 109 of Russia’s largest public companies: • “Classic” board compositions of 11, nine, and seven seats prevail • The total number of persons on Boards of the companies under study is not as low as it might seem: 89% of all Directors were elected to only one such Board • Female Directors account for 12% and are more often elected to the audit, nomination, and remuneration committees than to the strategy committee • Among Directors, there are more “humanitarians” than “techies”, while the share of “techies” among chairs is greater than across the whole sample • The average age for Directors is 53, 56 for Chairmen, and 58 for Independent Directors • Generation X is the most visible on Boards, and Generation Y Directors will likely quickly increase their presence if the development of digital technologies continues • The share of Independent Directors barely reaches 30%, and there is an obvious lack of independence on key committees such as audit • Senior Independent Directors were elected at 17% of the companies, while 89% of Chairs are not independent • The average total remuneration paid to the Board of Directors is RUR 69 million, with the difference between the maximum and minimum being 18 times • Twenty-four percent of companies disclosed information on individual payments made to their Directors. According to this, the average total remuneration is approximately RUR 9 million per annum for a Director, RUR 17 million for a Chair, and RUR 11 million for an Independent Director The comparison of 2020 findings with results of a similar study published in 2012 paints an interesting dynamic picture. -
Annual Report JSC “Quadra – Power Generation”
Annual Report JSC “Quadra – Power Generation” 2012 Preliminarily approved by the Board of Directors of JSC “Quadra – Power Generation” Minutes #19 / 160 dated 29.04.2013 Approved by resolution of Annual General Shareholders Meeting of JSC “Quadra – Power Generation” “26” June 2013 Minutes #1 / 16 dated 27/06/2013 General Director of JSC “Quadra - Power Generation” V.V. Shelkov Chief Accountant of JSC “Quadra - Power Generation” I.A. Lapitskaya 2 Contents: Disclaimer 5 Address by the Chairperson of the Board of Directors to shareholders 6 Address by the General Director to shareholders 8 Introduction: TGC in the structure of sector 10 SECTION 1. JSC “Quadra – Power Generation” on the electricity and heat market 14 1. 1 Market position 14 1.2 Competitive environment and competitive advantages 16 1.3 Strategic areas of business 18 1.4 Risk map 21 1.5 Macroeconomic situation 27 1.6 JSC “Quadra – Power Generation” – 5 years of stable energy supplies 28 SECTION 2. Corporate governance 33 2.1 Corporate governance principles 33 2.2 General Meeting of Shareholders 34 2.3 Board of Directors 34 2.4 General Director. Management Board. 38 2.5 Committees under the Board of Directors 40 2.6 Internal Audit Commission 40 2.7 Remuneration 42 2.8 Internal control and audit 43 SECTION 3. For shareholders and investors 44 3.1 Joint-stock capital 44 3.2 Securities 44 3.3 Dividend history 48 3.4 Trading in securities 48 3.5 Compliance with the law on insider information 50 SECTION 4. Production activities 51 4.1 Main production indicators 54 4.2 Current sales indicators in terms of market segments 56 4.3 Energy saving and operational efficiency improvement 57 SECTION 5. -
OAO IRKUTSKENERGO Address to Shareholders Performance OAO Irkutskenergo: PRODUCTION
OAO IRKUTSKENERGO Address to shAreholders PerformAnCe oAo irkUtskenerGo: ProdUCtion ....................... 27 by the ChAirmAn hiGhliGhts ........................... 9 An overview ...................... 15 of the boArd ........................ 5 instAlled CAPACity rePort of direCtors GenerAl informAtion........ 16 of Power PlAnts ................ 28 Address to shAreholders on ComPAny by the GenerAl PerformAnCe .................... 11 ComPAny strUCtUre........... 17 Power GenerAtion ............ 28 direCtor .............................. 7 mAjor events PlAnts And fACilities ......... 18 ProdUCtion And develoPments ............. 12 PerformAnCe ..................... 31 Power GenerAtion ComPAny’s CAPACity of the ComPAny ... 22 ProCUrement ..................... 31 objeCtives, ACtivities, And fUtUre ........................ 13 shAreholder’s eqUity ....... 23 oPerAtionAl qUAlity of the Power system ......... 32 ProdUCtion effiCienCy imProvement ProGrAm ........................... 33 OAO IRKUTSKENERGO heAt And eleCtriCity orGAnizAtionAl investment soCiAl PoliCy ..................... 60 mArket .............................. 35 strUCtUre of CorPorAte ACtivities ........................... 57 mAnAGement ..................... 44 AUditor’s stAtement ......... 62 tAriffs And tAriff PoliCy ............... 37 stAndArdizAtion And streAmlininG enerGy sAles ...................... 38 of bUsiness ProCesses ....... 47 domestiC mArket ............... 40 finAnCiAl mAnAGement ..... 50 eXternAl mArket ............... 41 hUmAn resoUrCes .............. 53 environmentAl -
Information on Candidates Nominated for Election to the Board of Directors of FGC UES, PJSC and Information on Availability Or
Information on candidates nominated for election to the Board of Directors of FGC UES, PJSC and information on availability or absence of their written consent to election to the Board of Directors of FGC UES, PJSC Status2 Aggregate Membership in the Boards of Directors of Relation to Shareholdi period of other companies ng in the Shareholder(s) Position (at the Candidate’s Candidate’s position and place of membership in Company No. who nominated Date of birth, education moment of I E N at the date of the report Nominated by the affiliates major Consent Full Name employment in the last 5 years1 the Company’s 1 the candidate nomination) candidate counter- Board of parties Directors 2013 – 2013 Director General, JSC Far East and Baikal Region Development Fund; Year of birth: 1973 2013 – 2014 Temporary Chief Pavel Executive Officer of Polyus Gold Higher Sergeyevich International Limited; Director General of Saint Petersburg State PJSC RusHydro Grachev PJSC 2014 – 2016 Chief Executive Officer PJSC Polyus 3 years 10 1 University, Diploma in Legal PJSC Polyus PJSC RusHydro no no no available (as an ROSSETI of Polyus Gold International Limited; Director General of months Studies, Lawyer; independent 2014 – 2016 President, JSC Polyus LLC “MC Polyus” SL Zoloto LLC director) Krasnoyarsk; University of Trieste, major in 2014 – present day Director General Law, J.D. of PJSC Polyus; 2016 – present day Director General of LLC “MC Polyus” 2008 – present day Member of the Year of birth: 1977 Management Board, Endowment Fund The Russian for Support and Development of the Prosperity Fund, Higher: Saint-Petersburg State University; PJSC "Aeroflot" The Prosperity M.V.