OREANDA-NEWS. April 01, 2013. BoD session reviewed a range of managing and corporate issues.
Participation in ITOMS consortium
The Board of Directors approved a contract concerning the participation of IDGC of Urals, OAO in ITOMS consortium established by a group of foreign grid companies as a platform for benchmarking of operating efficiency and branch methodologies. The participation will enable the company to benchmark and find opportunities for improvements due to regularly exchange of indicators and best practices in operating efficiency between consortium participants.
Approval of 2013-2018 adjusted investment program

The Board of Directors approved 2013-2018 adjusted investment program.

The Board of Directors approved Corporate Ethics Code and Corporate Governance in a new version.

The Corporate Ethics Code is a fundamental local document intended to facilitate the creation of sustainable corporate culture and value system and aimed to ensure high standards of business behavior, corruption aversion in operating and investment activities as well as preventive measures to decrease compliance risks.

The Corporate Governance Code in a new version is aimed at further perfection and systematization of corporate governance, provision of more transparency and acknowledgement of true willingness to observe proper corporate governance standards.