DOCSLIB.ORG

Information on Agenda Items of the Meeting 1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Information on Agenda Items of the Meeting 1 INFORMATION ON AGENDA ITEMS OF THE MEETING INFORMATION ON ITEMS ON THE AGENDA OF THE ANNUAL GENERAL SHAREHOLDERS’ MEETING OF PJSC ROSTELECOM ON 2017 RESULTS Agenda item 1: Approval of PJSC Rostelecom’s annual report. Pursuant to paragraph 1 of Article 47 of Federal Law No. 208-FZ dated 26 December 1995 On Joint-Stock Companies, this agenda item is mandatory for consideration by the annual general shareholders’ meeting. PJSC Rostelecom’s Annual Report 2017 is included in the set of materials for the Meeting. Draft resolution recommended by PJSC Rostelecom’s Board of Directors: Approve PJSC Rostelecom’s Annual Report 2017. Agenda item 2: Approval of PJSC Rostelecom’s annual accounting (financial) statements. Pursuant to paragraph 1 of Article 47 of Federal Law No. 208-FZ dated 26 December 1995 On Joint-Stock Companies, this agenda item is mandatory for consideration by the annual general shareholders’ meeting. The following documents are included in the set of materials for the Meeting: auditor’s report by Ernst & Young LLC on PJSC Rostelecom’s accounting statements for 2017; PJSC Rostelecom’s annual financial statements for 2017 prepared in accordance with the Russian Accounting Standards; report of PJSC Rostelecom’s Audit Commission on the results of the audit of PJSC Rostelecom’s financial and business performance in 2017 and on the fairness of data contained in PJSC Rostelecom’s Annual Report 2017. Draft resolution recommended by PJSC Rostelecom’s Board of Directors: Approve PJSC Rostelecom’s annual accounting (financial) statements for 2017. Agenda item 3: Approval of distribution of PJSC Rostelecom’s profits for FY2017. Pursuant to paragraph 1 of Article 47 of Federal Law No. 208-FZ dated 26 December 1995 On Joint-Stock Companies, this agenda item is mandatory for consideration by the annual general shareholders’ meeting. PJSC Rostelecom’s net profit for FY2017 determined in accordance with the Russian Accounting Standards (RAS) totalled RUB 8,888,984 thousand, while net profit determined in accordance with the International Financial Reporting Standards (IFRS) was RUB 14,050,000 thousand, and free cash flow for 2017 under IFRS was RUB 20,385,000 thousand. It is proposed that 100% of the net profit determined in accordance with the IFRS in amount of RUB 14,050,000 thousand be allocated to dividend payouts for 2017, or 68.92% of the free cash flow, which will require allocation to dividend payouts of 100% of PJSC Rostelecom’s net profit for FY2017 under RAS, as well as RUB 5,161,016 thousand of retained profits of previous years. Draft resolution recommended by PJSC Rostelecom’s Board of Directors: Allocate the entire PJSC Rostelecom’s net profit for FY2017 in the amount of RUB 8,888,984 thousand to dividend payouts for 2017. Agenda item 4: Approval of distribution of retained profits of previous years. Draft resolution recommended by PJSC Rostelecom’s Board of Directors: Allocate PJSC Rostelecom’s retained profits of previous years in the amount of RUB 5,161,016 thousand to dividend payouts for 2017. Agenda item 5: The amount, timeline and form of dividend for 2017 and setting of the date of record. Pursuant to paragraph 1 of Article 47 of Federal Law No. 208-FZ dated 26 December 1995 On Joint-Stock Companies, this agenda item is mandatory for consideration by the annual general shareholders’ meeting. Pursuant to paragraph 10.3. the Charter and paragraph 5.6 of the Dividend Policy, the total amount payable as annual dividends on each preference share is set at ten percent (10%) of the Company’s net profit under RAS for the last fiscal year (RUB 8,888,984 thousand in 2017) divided by the number of shares accounting for twenty-five percent (25%) of the Company’s Charter Capital. If dividends on each ordinary share exceed 1 INFORMATION ON AGENDA ITEMS OF THE MEETING dividends payable on each preference share, the latter dividends should be increased to the amount of dividends payable on ordinary shares. If 100% of the net profit determined in accordance with the IFRS in amount of RUB 14,050,000 thousand be allocated to dividend payouts for 2017, the estimated dividends on one preference share of PJSC Rostelecom for 2017 are RUB 1.276932666434, the estimated dividends on one ordinary share are RUB 5.352564905742. Thus, the dividends payable on preference shares should be increased to the amount of dividends payable on ordinary shares. Based on the total amount of RUB 14,050,000 thousand allocated to dividend payouts, dividends payable on one ordinary and on one preference share equal RUB 5.045825249373. Pursuant to paragraph 5 of Article 42 of Federal Law No. 208-FZ dated 26 December 1995 On Joint-Stock Companies, the date of record shall be set by resolution of the General Shareholders’ Meeting as proposed by the Board of Directors, but this date shall be not earlier than ten (10) or later than twenty (20) days from the date the relevant resolution is passed by the General Shareholders’ Meeting. Accordingly, it is proposed to set 6 July 2018 as the date of record for 2017. Draft resolution recommended by PJSC Rostelecom’s Board of Directors: 1. Pay dividends for 2017 in cash as follows: – on PJSC Rostelecom’s preference Class A shares: in the amount of RUB 5.045825249373 per share, – on PJSC Rostelecom’s ordinary shares: in the amount of RUB 5.045825249373 per share, that is RUB 14,050,000 thousand is allocated to dividend payouts on all PJSC Rostelecom’s preference and ordinary shares, including RUB 8,888,984 thousand from net profit for FY2017 and RUB 5,161,016 thousand from retained profits of previous years. Dividends accrued to one shareholder of PJSC Rostelecom shall be rounded to the nearest kopeck using mathematical rounding rules. 2. Set the date of record for 2017: 6 July 2018. Dividend payouts to nominee shareholders and trustees (professional security traders) whose names are on the shareholder register shall be made within ten (10) business days of the date of record, and to other shareholders whose names are on the shareholder register – within twenty-five (25) business days of the date of record. Agenda item 6: Election of the Board of Directors of PJSC Rostelecom. Pursuant to paragraph 1 of Article 47 of Federal Law No. 208-FZ dated 26 December 1995 On Joint-Stock Companies, this agenda item is mandatory for consideration by the annual general shareholders’ meeting. Proposals to nominate the following candidates to PJSC Rostelecom’s Board of Directors were submitted to PJSC Rostelecom’s Board of Directors within the timeframe specified by applicable laws of the Russian Federation and PJSC Rostelecom’s Charter: By the Russian Federation acting through the Federal Agency for State Property Management owning 48.7% of PJSC Rostelecom’s voting shares as on the date the proposal was submitted: 1. Ruben A. Aganbegyan; 2. Alexander A. Auzan; 3. Kirill A. Dmitriev; 4. Anton A. Zlatopolsky; 5. Sergei B. Ivanov; 6. Sergei B. Kalugin; 7. Mikhail E. Oseevsky; 8. Mikhail I. Poluboyarinov; 9. Alexander A. Pchelintsev; 10. Vadim V. Semenov; 11. Alexei A. Yakovitskiy. Consent of all the candidates to be nominated is available. Information available to Rostelecom on positions held by the nominated candidates in the last five years is presented below: 2 INFORMATION ON AGENDA ITEMS OF THE MEETING 1) Ruben A. Aganbegyan, Advisor to General Director, VEB Capital LLC. Mr Aganbegyan was born in 1972. He graduated from Moscow State Law Academy. Period Organisation Position 2010 2013 CJSC MICEX Stock Exchange member of the Board of Directors 2012 2014 OJSC Otkritie Financial Corporation General Director, President (renamed OJSC Otkritie Holding) 2013 2013 NOMOS-BANK (OJSC) member of the Supervisory Board 2012 2013 National Stock Association (self-regulatory member of the Board of Directors non-profit organisation) 2010 2013 CJSC Settlement Depository Company member of the Board of Directors 2012 2013 Russian Union of Exchanges member of the Board of Directors 2012 2013 OJSC Pipe Metallurgical Company member of the Board of Directors 2012 2013 OJSC MICEX-RTS Moscow Stock member of the Board of Directors Exchange 2010 2013 Non-Banking Credit Organisation National member of the Supervisory Board Settlement Depository 2014 2014 OJSC Otkritie Bank member of the Board of Directors 2014 2015 OJSC Bank Petrocommerce member of the Board of Directors, Chairman of the Board of Directors 2013 2014 Brunswick Rail member of the Board of Directors 2013 2016 PJSC Bank Otkritie Financial Corporation member of the Supervisory Board, Chairman of the (formerly OJSC Bank Otkritie Financial Supervisory Board Corporation) 2010 2017 Public Organisation Russian Union of member of the Management Board Industrialists and Entrepreneurs 2013 2016 Non-profit organisation Russian National member of the Board of Directors Association of Securities Market Participants (NAUFOR) 2013 15 Nov 2017 Otkritie Capital LLC Chairman of the Board of Directors 2013 2014 OJSC Otkritie Holding Chairman of the Board of Directors 2013 present PJSC Rostelecom member of the Board of Directors 2014 present PJSC MMK member of the Board of Directors 2014 2017 JSC Otkritie Holding General Director, Chairman of the Management Board 2014 15 Nov 2017 JSC Otkritie Holding member of the Board of Directors 2015 2018 Public Joint-Stock Company National Bank Chairman of the Board of Directors TRUST 2016 present Federal State Autonomous Institution member of the Supervisory Board Russian Industrial Development Fund 2016 present Polytechnic Museum Development Fund member of the Fund 2017 28 Aug 2017 PJSC Bank Otkritie Financial Corporation President, Chairman of the Supervisory Board 28 Aug 2017 15 Nov 2017 JSC Otkritie Holding Managing Director 15 Jan 2018 present VEB Capital LLC Advisor to General Director 2) Alexander A.
Load more

Recommended publications
  • 2018-Channel-Guide.Pdf
    CHANNEL GUIDE Additional Packages Multi-Sport Pack ™ DISH Movie Pack Requires subscription to America’s Top 120 Plus or higher package. 15 movie channels and 1000s of titles available On Demand. beIN SPORTS SAP 392 Crime & Investigation 249 EPIX 1 380 Packages beIN SPORTS en Español 873 Big Ten Network 405 EPIX 2 381 Big Ten Network 410 EPIX Hits 382 Bases Loaded/Buzzer Beater/Goal Line 403 FXM 384 CHANNEL GUIDE FOX Sports 2 149 Hallmark Movies & Mysteries 187 Longhorn Network1 407 HDNet Movies 130 MLB Network 152 IndiePlex 378 MLB Strike Zone 153 MGM 385 designed NBA TV SAP 156 MoviePlex 377 NFL Network 154 PixL SAP 388 NFL RedZone 155 RetroPlex 379 NHL Network 157 Sony Movie Channel 386 Outside TV 390 STARZ Encore Suspense 344 Pac-12 Network 406 STARZ Kids & Family SAP 356 Packages Pac-12 Network 409 Universal HD 247 with you SEC Network 404 SEC Network SAP 408 1 Only HD for live events. Plus over 25 Regional Sports Networks TheBlaze 212 designedin mind. HBO (E) SAP 300 Fox Soccer Plus 391 HBO2 (E) SAP 301 HBO Signature SAP 302 HBO (W) SAP 303 with you HBO2 (W) SAP 304 HBO Family SAP 305 HBO Comedy SAP 307 HBO Zone SAP 308 24/7 HBO Latino 309 Customer in mind. Support Cinemax (E) SAP 310 Cinemax (W) SAP 311 MoreMax SAP 312 ActionMax SAP 313 5StarMax SAP 314 Cinemáx 315 99% Signal SAP Showtime (E) 318 * Showtime (W) SAP 319 Reliability Showtime Too SAP 320 Showtime Showcase SAP 321 Showtime Extreme SAP 322 Showtime Beyond SAP 323 The Movie Channel (E) SAP 327 The Movie Channel Xtra (E) SAP 328 FLIX 333 STARZ Encore (E) SAP 340 STARZ
    [Show full text]
  • "Waves" of the Russia's Presidential Reforms Break About Premier's "Energy-Rocks"
    AFRICA REVIEW EURASIA REVIEW "Waves" of the Russia's Presidential Reforms Break About Premier's "Energy-Rocks" By Dr. Zurab Garakanidze* Story about the Russian President Dmitry Medvedev’s initiative to change the make-up of the boards of state-owned firms, especially energy companies. In late March of this year, Russian President Dmitry Medvedev demanded that high-ranking officials – namely, deputy prime ministers and cabinet-level ministers that co-ordinate state policy in the same sectors in which those companies are active – step down from their seats on the boards of state-run energy companies by July 1. He also said that October 1 would be the deadline for replacing these civil servants with independent directors. The deadline has now passed, but Medvedev‟s bid to diminish the government‟s influence in the energy sector has run into roadblocks. Most of the high-level government officials who have stepped down are being replaced not by independent managers, but by directors from other state companies in the same sector. Russia‟s state-owned oil and gas companies have not been quick to replace directors who also hold high-ranking government posts, despite or- ders from President Dmitry Medvedev. High-ranking Russian officials have made a show of following President Medvedev‟s order to leave the boards of state-run energy companies, but government influence over the sector remains strong. This indicates that the political will needed for the presidential administration to push eco- nomic reforms forward may be inadequate. 41 www.cesran.org/politicalreflection Political Reflection | September-October-November 2011 Russia's Presidential Reforms | By Dr.
    [Show full text]
  • Company News SECURITIES MARKET NEWS
    SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody April 5, 2018 Issue No. 2018/12 Company News Commercial Port of Vladivostok’s shares rise 0.5% on April 3, 2018 On April 3, 2018 shares of Commercial Port of Vladivostok, a unit of Far Eastern Shipping Company (FESCO) of Russian multi-industry holding Summa Group, rose 0.48% as of 10.12 a.m. Moscow time after a 21.72% slump on April 2. On March 31, the Tverskoi District Court of Moscow sanctioned arrest of brothers Ziyavudin and Magomed Magomedov, co-owners of Summa Group, on charges of RUB 2.5 bln embezzlement. It also arrested Artur Maksidov, CEO of Summa’s construction subsidiary Inteks, on charges of RUB 669 mln embezzlement. On April 2, shares of railway container operator TransContainer, in which FESCO owns 25.07%, fell 0.4%, and shares of Novorossiysk Commercial Sea Port (NCSP), in which Summa and oil pipeline monopoly Transneft own 50.1% on a parity basis, lost 1.61%. Cherkizovo plans common share SPO, to change dividends policy On April 3, 2018 it was reported that meat producer Cherkizovo Group would hold a secondary public offering (SPO) of common shares on the Moscow Exchange to raise USD 150 mln and change the dividend policy to pay 50% of net profit under International Financial Reporting Standards. The shares grew 1.67% to RUB 1,220 as of 10:25 a.m., Moscow time, on the Moscow Exchange. Under the proposal, the current shareholders, including company MB Capital Europe Ltd, whose beneficiaries are members of the Mikhailov- Babayev family (co-founders of the group), will sell shares.
    [Show full text]
  • The Case of Ukraine
    LAPPEENRANTA UNIVERSITY OF TECHNOLOGY Northern Dimension Research Centre Publication 6 Tauno Tiusanen, Oksana Ivanova, Daria Podmetina EU’S NEW NEIGHBOURS: THE CASE OF UKRAINE Lappeenranta University of Technology Northern Dimension Research Centre P.O.Box 20, FIN-53851 Lappeenranta, Finland Telephone: +358-5-621 11 Telefax: +358-5-621 2644 URL: www.lut.fi/nordi Lappeenranta 2004 ISBN 951-764-896-0 (paperback) ISBN 951-764-897-9 (PDF) ISSN 1459-6679 EU’s New Neighbours: The Case of Ukraine Tauno Tiusanen Oksana Ivanova Daria Podmetina 1 Contents LIST OF TABLES 2 FOREWORD 4 1. INTRODUCTION 5 2. UKRAINIAN ECONOMIC TRENDS 2.1. Economic Growth and Stability in the Early Period of Transition 6 2.2. Investment and Productivity 9 2.3. Living Standard 11 2.4. Current Economic Trends 15 2.5. Distribution of Incomes and Household Expenditures 16 3. UKRAINE: HISTORY, GEOGRAPHY, ECONOMY AND POLITICS 3.1. Geographic Location, Climate and Natural Resources 20 3.2. Political System and Regions 22 3.3. History of Ukraine 24 3.4. Economic History and Reforms 26 4. INVESTMENT CLIMATE IN UKRAINE 4.1 Foreign Direct Investment in Ukraine 34 4.2. Motives and Obstacles for FDI in Ukraine 37 4.3. Ukraine in International Ratings 40 4.4. The Legal Framework for FDIs 43 4.5. Special Economic Zones 45 5. THE INVESTMENT RATING OF UKRAINIAN REGIONS 5.1. FDIs by Regions 49 5.2. The Investment Rating of Ukrainian Regions 50 5.3. Description of Ukrainian Regions 52 6. FDI SCENE IN UKRAINE: BUSINESS EXAMPLES 6.1. FDI Strategies 72 6.2.
    [Show full text]
  • PROVISIONALLY APPROVED by the Board of Directors of OJSC Rostelecom May 19, 2014 Minutes No 01 Dated May 22, 2014
    PROVISIONALLY APPROVED by the Board of Directors of OJSC Rostelecom May 19, 2014 Minutes No 01 dated May 22, 2014 APPROVED by the Annual General Shareholders’ Meeting of OJSC Rostelecom June 30, 2014 Minutes No___ dated June __, 2014 ANNUAL REPORT OPEN JOINT STOCK COMPANY LONG-DISTANCE AND INTERNATIONAL TELECOMMUNICATIONS ROSTELECOM BASED ON YEAR 2013 RESULTS President of OJSC Rostelecom s/s S.B. Kalugin Acting Chief Accountant of OJSC Rostelecom s/s N.V. Lukashin May 22, 2014 Moscow, 2014 ANNUAL REPORT TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS ....................................... 3 INFORMATION CONTAINED IN THIS ANNUAL REPORT .............................................................................. 4 ROSTELECOM AT A GLANCE ......................................................................................................................... 5 THE PRESIDENT’S MESSAGE ......................................................................................................................... 6 2013 HIGHLIGHTS ............................................................................................................................................ 8 OPERATING AND FINANCIAL RESULTS ...................................................................................................... 10 COMPANY’S POSITION IN THE INDUSTRY ................................................................................................. 12 COMPANIES IN ROSTELECOM GROUP ......................................................................................................
    [Show full text]
  • Iowa Department of Inspections and Appeals Division of Administrative Hearings Wallace State Office Building Des Moines, Iowa 50319 ______
    Iowa Department of Inspections and Appeals Division of Administrative Hearings Wallace State Office Building Des Moines, Iowa 50319 ____________________________________________________________ In the Matter of: ) ) DIA Nos. 12IDB002, 13IDB001 CASHCALL, INC. ) IDOB Nos. 2012-NRR 2003-0154 1600 South Douglass Road ) 2012-NRR-2012-0099 Anaheim, CA 92806 ) ) RULING ON WHETHER Respondent. ) LOANS AT ISSUE ARE ) SUBJECT TO IOWA LAW ____________________________________________________________ Pursuant to a joint motion of the parties, hearing on the Statement of Charges filed against Respondent CashCall, Inc. by the Iowa Division of Banking (the Division) was consolidated with the hearing requested by Respondent on the denial of its applications for Nonresident Regulated Loan Company licenses. The State later filed an unresisted Motion to Sever Proceedings, resulting in the division of this proceeding into two parts: 1) a hearing regarding the threshold question of whether loans made and/or serviced by Respondent are subject to Iowa law; and 2) a hearing regarding application of Iowa laws (if the loans at issue are found to be subject to Iowa law), any remaining issues regarding grounds for discipline and/or license denial, and the appropriate level of discipline and amount of restitution owed by Respondent, if any. The parties later agreed to submit the first issue – whether the loans made and/or serviced by Respondent are subject to Iowa law – without evidentiary hearing pursuant to 187 Iowa Administrative Code 11.30. At a status conference on May 30, 2013, the parties agreed upon the documents to be included in the record. Each party submitted an initial brief and a reply brief.1 After submission of the briefs, oral argument was held on July 26, 2013.
    [Show full text]
  • Information on IRC – R.O.S.T., the Registrar of the Company and the Acting Ballot Committee of MMC Norilsk Nickel
    Information on IRC – R.O.S.T., the registrar of the Company and the acting Ballot Committee of MMC Norilsk Nickel IRC – R.O.S.T. (former R.O.S.T. Registrar merged with Independent Registrar Company in February 2019) was established in 1996. In 2003–2015, Independent Registrar Company was a member of Computershare Group, a global leader in registrar and transfer agency services. In July 2015, IRC changed its ownership to pass into the control of a group of independent Russian investors. In December 2016, R.O.S.T. Registrar and Independent Registrar Company, both owned by the same group of independent investors, formed IRC – R.O.S.T. Group of Companies. In 2018, Saint Petersburg Central Registrar joined the Group. In February 2019, Independent Registrar Company merged with IRC – R.O.S.T. Ultimate beneficiaries of IRC – R.O.S.T. Group are individuals with a strong background in business management and stock markets. No beneficiary holds a blocking stake in the Group. In accordance with indefinite License No. 045-13976-000001, IRC – R.O.S.T. keeps records of holders of registered securities. Services offered by IRC – R.O.S.T. to its clients include: › Records of shareholders, interestholders, bondholders, holders of mortgage participation certificates, lenders, and joint property owners › Meetings of shareholders, joint owners, lenders, company members, etc. › Electronic voting › Postal and electronic mailing › Corporate consulting › Buyback of securities, including payments for securities repurchased › Proxy solicitation › Call centre services › Depositary and brokerage, including escrow agent services IRC – R.O.S.T. Group invests a lot in development of proprietary high-tech solutions, e.g.
    [Show full text]
  • Annual Report
    2014 ANNUAL REPORT TABLE OF CONTENTS Sistema today 2 Corporate governance system 91 History timeline 4 Corporate governance principles 92 Company structure 8 General Meeting of shareholders 94 President’s speech 10 Board of Directors 96 Strategic Review 11 Commitees of the Board of Directors 99 Strategy 12 President and the Management Board 101 Sistema’s financial results 20 Internal control and audit 103 Shareholder capital and securities 24 Development of the corporate 104 governance system in 2014 Our investments 27 Remuneration 105 MTS 28 Risks 106 Detsky Mir 34 Sustainable development 113 Medsi Group 38 Responsible investor 114 Lesinvest Group (Segezha) 44 Social investment 115 Bashkirian Power Grid Company 52 Education, science, innovation 115 RTI 56 Culture 117 SG-trans 60 Environment 119 MTS Bank 64 Society 121 RZ Agro Holding 68 Appendices 124 Targin 72 Binnopharm 76 Real estate 80 Sistema Shyam TeleServices 84 Sistema Mass Media 88 1 SISTEMA TODAY Established in 1993, today Sistema including telecommunications, companies. Sistema’s competencies is a large private investor operating utilities, retail, high tech, pulp and focus on improvement of the in the real sector of the Russian paper, pharmaceuticals, healthcare, operational efficiency of acquired economy. Sistema’s investment railway transportation, agriculture, assets through restructuring and portfolio comprises stakes in finance, mass media, tourism, attracting industry partners to predominantly Russian companies etc. Sistema is the controlling enhance expertise and reduce
    [Show full text]
  • Setting up Your Receiver with Tailgater
    SETTINGSETTING UPUP YOURYOUR RECEIVERRECEIVER WITHWITH TAILGATERTAILGATER First-time connection of your Tailgater should be performed at your Power Up System residence or a location where you have good phone reception. 4. When your Tailgater system is set up, call DISH Network at a. Turn on your TV and plug 1-800-333-DISH (3474) to activate your receiver and begin viewing in your receiver to a 110 V your satellite programming. power source. Power on the system and perform the setup procedure at least once every two months if your Tailgater is not used for extended Your TV should be set to display input from the cable(s) you selected in step 3. periods of time. Consult your TV user’s manual to select the correct input. 1. Before You Leave Home b. The green power light on your receiver should be lit Make sure your Tailgater antenna is packed securely for transport. or begin cycling on and off. Don’t forget the following items: Wait for the green light to • A Portable power generator or an AC/DC power inverter. turn solid. If it does not turn • Power extension cord solid within two minutes, power on your receiver using • Power strip for your receiver and TV the front panel POWER button. • Tailgater compatible DISH Network HD Receiver (ViP 211k) • Audio/visual cable(s) 5. Program Your Remote • Coaxial cable If you have used your Tailgater before and your remote can operate your receiver, you may skip this step and go to step 6. 2. Setup your Tailgater a. Press the "SYSTEM INFO" button on the front panel of Your Tailgater requires an unobstructed view of the southern sky for the your receiver.
    [Show full text]
  • Money for Nothing the Billion-Dollar Pirate Subscription IPTV Business
    Money for Nothing The Billion-Dollar Pirate Subscription IPTV Business August 2020 Table of Contents Executive Summary 1 The Troubling History of Television Piracy 4 The Pirate Subscription IPTV Ecosystem 6 The Profitability of Pirate Subscription IPTV Services 12 Splitting the Billion-Dollar Pie 14 Conclusion 23 Appendix: The Players Behind the PS IPTV Ecosystem 25 Table of Figures Figure 1 – Sample PS IPTV storefront, landing page 7 Figure 2 – Sample PS IPTV storefront, sales pitch 7 Figure 3 – Sample PS IPTV service, live TV 8 Figure 4 – Sample PS IPTV service, movies 8 Figure 5 – Sample PS IPTV Facebook advertisement 9 Figure 6 – PS IPTV Ecosystem 11 Figure 7 – Content theft 25 Figure 8 – Content distribution, subscription IPTV 26 Money for Nothing: The Billion-Dollar Pirate Subscription IPTV Business i Executive Summary onsumers have more high-quality entertainment to watch on their television sets, computers, tablets, and phones than ever before. But while consumers can select from an ever-growing Cvariety of legal services, illegal streaming services have emerged in their shadow, leveraging stolen content and off-the-shelf streaming technologies to deliver entertainment at a fraction of the cost of legitimate content providers. The most virulent and fast-growing illegal streaming enterprise is the pirate subscription Internet Protocol Television (PS IPTV) Service. This type of service mimics the practices of legitimate streaming services. It charges by the month or by the year – typically, about $10 - $15 per month. And for that low price, it provides the customer with thousands of channels of linear television from around the world, and often with tens of thousands of titles for video on demand, including movies still showing in theaters and every episode of entire TV series.
    [Show full text]
  • An Overview of Boards of Directors at Russia's Largest Public Companies
    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 impetuous 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 the 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.
    [Show full text]
  • A Transactional Framework for Programming Wireless Sensor/Actor Networks
    TRANSACT: A Transactional Framework for Programming Wireless Sensor/Actor Networks Murat Demirbas, Onur Soysal, Muzammil Hussain demirbas — osoysal — mh69 @cse.buffalo.edu {Department of Computer Science} & Engineering University at Buffalo, SUNY Abstract applications and services, consistency and coordination are essential requirements for WSANs because in many WSAN Effectively managing concurrent execution is one of the applications the nodes need to consistently take a coordi- biggest challenges for future wireless sensor/actor networks nated course of action to prevent a malfunction. For exam- (WSANs): For safety reasons concurrency needs to be ple, in the factory automation scenario inconsistent opera- tamed to prevent unintentional nondeterministic executions, tion of regulator valves may lead to chemical hazards, in the on the other hand, for real-time guarantees concurrency robotic highway markers example a robot with an inconsis- needs to be boosted to achieve timeliness. We propose tent view of the system may enter in to traffic and cause an a transactional, optimistic concurrency control framework accident, and in the video tracking scenario failure to coor- for WSANs that enables understanding of a system exe- dinate the handoff consistently may lead to losing track of cution as a single thread of control, while permitting the the target. deployment of actual execution over multiple threads dis- Due to the heavy emphasis WSANs lay on consistency tributed on several nodes. By exploiting the atomicity and and coordination, we believe that concurrent execution, or broadcast properties of singlehop wireless communication, more accurately, nondeterministic execution due to concur- we provide a lightweight implementation of our transac- rency will be a major hurdle in programming of distributed tional framework on the motes platform.
    [Show full text]