OREANDA-NEWS. In accordance with OJSC “VolgaTelecom” Charter the procedure of nominating candidates to the Board of directors and Auditing committee to be elected at the Company’s annual shareholders general meeting is completed. 
 
On March 6, 2007 OJSC “VolgaTelecom” Board of directors, after the proper expertise of received applications for the compliance with the provisions of the Company’s Charter, adopted the decision to include 26 persons into the list of candidates for the election to OJSC “VolgaTelecom” Board of directors at the annual general meeting of shareholders.

In addition, the Board of directors adopted the decision to include 8 persons into the list of candidates for the election to OJSC “VolgaTelecom” Auditing committee at the annual general meeting of shareholders.

The Board of directors of OJSC “VolgaTelecom” consists of 11 persons elected by the Company’s annual general meeting of shareholders. The Auditing committee carries out control over financial-economic activity of the Company and is elected by the general meeting of shareholders as per the procedure stipulated by current legislation and the Company’s Charter for one year period, it consists of 5 persons.