OREANDA-NEWS. August 23, 2011. Svyazinvest (hereafter, the Company) held a regular board of directors meeting. 

Ivan Rodionov was unanimously appointed as the presiding authority at the meeting.

The board of directors of the Company acknowledged receipt of a report on the results of the Company’s procurement activity for the second quarter of 2011.  This issue was placed under examination at the present meeting due to instructions from the board of directors to the executive bodies of the company to present a quarterly report to the board on the results of procurement activity.  Svyazinvest performs procurement on the basis of the respective Regulations, which were approved by the Management Board of the Company on June 21, 2011.

Pursuant to RF Government Directives dated June 16, 2011, a resolution was passed at the meeting instructing the executive bodies of Svyazinvest to enact the procedures required for the preliminary publication on the Company’s official website (http://www.svyazinvest.ru/) of information on planned procurements, and also on the relevant contracts stipulated.

The board discussed the issue of awarding a bonus to former general director of Svyazinvest Evgeny Yurchenko and passed a resolution to file a petition to the State Property Management Agency to issue a directive to those representing the interests of the Russian Federation on the board of directors of the Company with the aim of putting this issue to vote.

In addition, the board of directors examined other issues which are relevant to the Company’s internal activities.

The meeting of the board of directors was attended by the following persons:

Mikhail Butrin – Managing director, co-director of the investment banking department for global markets of VTB Capital;

Mikhail Zadornov – President and chairman of the management board of VTB 24;

Yury Kudimov – General director of Vnesheconombank (VEB Capital) investment company;

Sergey Lukash – Vice-president of Rostelecom;

Ivan Rodionov – Professor of state university Higher School of Economics;

Vadim Semenov – General director of Svyazinvest.