Remuneration Payable to Members of Committees within the Board of Directors

By resolution of the Board of Directors of PJSC IDGC of Siberia11.09.2009 (Minutes No. 740/09) the following regulations were approved:

  • Restated Regulation on payment of remuneration and compensations to members of the Reliability Committee of the Board of Directors
  • Restated Regulation on payment of remuneration and compensations to members of the Committee on Strategy, Development, Investments and Reforming of the Board of Directors
  • Restated Regulation on payment of remuneration and compensations to members of the Audit Committee of the Board of Directors
  • Restated Regulation on payment of remuneration and compensations to members of the Personnel and Remuneration Committee of the Board of Directors
  • Restated Regulation on payment of remuneration and compensations to members of the Committee on Technological Connection to Electric Grids of the Board of Directors

Payments shall be made in accordance with i. 4 of the approved Regulations for participation in meetings of a Committee of the Board of Directors held in a form of joint attendance to a member of such Committee in the amount equivalent to two (2) minimum monthly tariff rates for the first labor rate defined in the sectoral tariff agreement for power sector of the Russian Federation on a date of the relevant meeting of the Committee, subject to indexation defined in the agreement, within thirty (30) calendar days after such meeting.

Amount of remuneration payable to the Chairman (Deputy Chairman for each meeting at which functions of the Chairman of a Committee of the Board of Directors were performed) shall be increased by 50%.

Amount of remuneration payable to a secretary of a Committee of the Board of Directors for each meeting amounts to one (1) minimum monthly tariff rate on a date of the relevant meeting of the Committee, subject to indexation defined in the agreement, within thirty (30) calendar days after such meeting.

For participation in a meeting of a Committee of the Board of Directors held in absentee, a member of the Committee of the Board of Directors receive remuneration in the amount equivalent to one (1) minimum monthly tariff rate, subject to indexation defined in the agreement, within thirty (30) calendar days after such meeting.

Amount of remuneration payable to the Chairman (Deputy Chairman for each meeting at which functions of the Chairman of a Committee of the Board of Directors were performed) shall be increased by 50%.

Amount of remuneration payable to a secretary of a Committee of the Board of Directors for each meeting amounts to zero point five (0.5) minimum monthly tariff rate on a date of the relevant meeting of the Committee, subject to indexation defined in the agreement, within thirty (30) calendar days after such meeting.

A member of a Committee 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 Director General of the Company.

The following amendmentsResolution of the Board of Directors of PJSC IDGC of Siberia dated 02.02.2016 (Minutes No. 179/16) are introduced into all Regulations on payment of remuneration and compensations to members of the Committees of Company Board of Directors: if the Chairman and/or members of Committees of the Board of Directors are also members of the Company Board of Directors, their remuneration shall be paid in accordance with the procedure and in the amount provided for by Company internal document regulating the process of payment of remuneration and compensations to members of the Company Board of Directors approved at the General Shareholders Meeting of the Company.

Total remuneration and compensations paid to members of the Committees in 2018 amounted to:

  • Committee on Strategy, Development, Investments and Reforming – RUB 978 thsd
  • Reliability Committee – RUB 196 thsd
  • Committee on Technological Connection to Electric Grids – RUB 114 thsd