OREANDA-NEWS. February 25, 2011. Svyazinvest has forwarded demands to RTOs requesting that extraordinary general meetings of shareholders be held, with the agendas expected to include the issue of paying out remuneration to members of the board of directors of RTOs.

These meetings were originally expected to be held in November 2010, but no decision was adopted on these issues.

The proposed amendments aim to clarify the procedure for paying out compensation to members of the boards of directors which are eligible to receive them, in case they exercise their authority for less than a full corporate year in connection with the reorganization* of the Company.  The amendments refer to all members of RTO boards of directors who exercised their powers after the annual general meeting of shareholders on the results of 2009 up until the date of the reorganization.

* 7 RTOs are to be restructured by merging into Rostelecom.