Remuneration and Compensation Payable to Members of the Board of Directors
Remuneration and compensation for members of the Board of Directors shall be paid pursuant to the Regulation on payment of remuneration and compensations to members of the Board of Directors of PJSC IDGC of Siberia, in accordance with which:
- Remuneration shall be paid by Company in money
- Remuneration to the Chairman and members of Company Board of Directors, classified as persons in respect of which the federal law provides for a limitation or a prohibition for obtaining any payments from commercial organizations, shall not be accrued and paid
- Remuneration to members of Company Board of Directors shall be paid following the results of work for the period from election of a candidate to members of Company Board of Directors and until the election of new composition of Company Board of Directors
- Members of Company Board of Directors shall obtain payment in lump sum in Russian rub.
- Amount of remuneration for each member’s participation in Company Board of Directors shall be calculated taking into account total number of meetings of Company Board of Directors that took place during the last corporate year and number of meetings attended by the member of Company Board of Directors
- Amount of remuneration of members of Company Board of Directors depends on results of Company activity and individual work of members of the Board of Directors
- Remuneration to members of Company Board of Directors shall be paid following the results of work for the period from election of a candidate to members of Company Board of Directors and until the election of new composition of Company Board of Directors.
Amount of remuneration for each member’s participation in Company Board of Directors shall be calculated taking into account total number of meetings of Company Board of Directors that took place during the last corporate year and number of meetings attended by the member of Company Board of Directors. Remuneration shall be paid within 60 days after the annual General Shareholders Meeting of the Company.
Basic part of remuneration (Rbase) is defined depending on Company profit for the financial year calculated according to RAS and amounts to:
| Revenue | Rbase |
|---|---|
| more than RUB 200 bln | RUB 1,000,000 |
| more than RUB 30 bln | RUB 900,000 |
| more than RUB 10 bln | RUB 800,000 |
| more than RUB 1 bln | RUB 700,000 |
| more than RUB 600 mln | RUB 600,000 |
| less than RUB 600 mln | RUB 500,000 |
Moreover, the following benefits are provided for in addition to remuneration: 30% of the amount of remuneration – to the Chairman of Company Board of Directors; 20% of the amount of remuneration – to the Chairman of the Specialized Committee within Company Board of Directors; 10% of the amount of remuneration – for membership in the Specialized Committee within Company Board of Directors.
Remuneration is not paid if a member of Company Board of Directors did not participate in more than 50% of meetings held (from the moment of its election till the moment of termination of its authorities).
Members of the Board of Directors get additional remuneration from net profit in case of increase in the amount of market capitalization of the Company during a period of work of the Board of Directors, amounting to 0.0175% of the increase in Company market value calculated for the period from election as a member of Company Board of Directors and until the election of new composition of Company Board of Directors.
Total amount of additional remuneration payable to members of Company Board of Directors may not exceed 5% of the net profit for the financial year calculated according to RAS.
A member of the Board of Directors shall be compensated for expenses related to participation in a meeting of the Board of Directors based on the norms of reimbursement of travel expenses existing in the Company as of the meeting date within three business days upon submission of documents confirming such expenses.
A member of the Board of Directors may refuse from remuneration provided for in the Regulation partially or in full by filing the relevant application in the name of the sole executive body (Director General) of the Company.
| Name of the Indicator | Amount, thsd RUB |
|---|---|
| Remuneration for participation in work of the management body | 13,137 |
| Salary | 2,935 |
| Premiums | 1,404 |
| Commission charges | – |
| Other types of remuneration | 10 |
| Total remuneration | 17,486 |
| Compensations | 590 |
| No | Full name | Remuneration for participation in the Board of Directors | Additional remuneration for increase in market value of the Company | Compensation for expenses related to participation in the Board of Directors |
|---|---|---|---|---|
| 1 | Aleksandr Nikolaevich Fadeev | 900.0 | 402.8 | 131 |
| 2 | Samuil Moiseevich Zilberman | 761.5 | 402.8 | – |
| 3 | Vitalii Pavlovich Bobrov | 744.2 | 402.8 | – |
| 4 | Yurii Nikolaevich Pankstyanov | 761.5 | 402.8 | – |
| 5 | Yurii Vladimirovich Goncharov | 692.3 | 402.8 | 101 |
| 6 | Mikhail Aleksandrovich Bychko | 900.0 | 402.8 | 160 |
| 7 | Mikhail Varfolomeevich Kuznetsov | 692.3 | 402.8 | – |
| 8 | Kirill Andreevich Trubitsyn | 900.0 | 402.8 | 99 |
| 9 | Ekaterina Andreevna Kosogova | 761.5 | 402.8 | 99 |
| 10 | Vladimir Valeryevich Rashevsky | 692.3 | 402.8 | – |
| 11 | Veniamin Shmuilovich Pinkhasik | 900.0 | 402.8 | – |
In 2018 no loans (credits) were issued to members of the Board of Directors. No training of members of the Board of Directors was performed in 2018 at the Company expenses.