The Auditing Commission is a permanent organ of internal control in Kubanenergo, carrying out regular supervision of the financial and operation activities of the Company to ensure compliance with legislation in the Russian Federation, the Charter and internal Company documents.
The Auditing Commission acts in the interests of Company shareholders and is accountable to the general shareholders meeting in its work. When carrying out its functions it is independent of postholders, management bodies and managers of structural subdivisions of the executive apparatus of the Company.
In its work the Auditing Commission is governed by legislation in the Russian Federation, the Charter of Kubanenergo and the Statement on the Auditing Commission*.
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The Statement on the Auditing Commission of Kubanenergo can be found at www.kubanenergo.ru — in About the company/Constituent and in house documents
Results of the work of the Auditing Commission
In 2011 the Auditing Commission of Kubanenergo carried out supervision by holding planned and unplanned checks on financial and operating activities.
In 2011 four meetings of the Auditing Commission were held, at which the following questions were considered*:
- carrying out the revision inspection of the financial and operating activities of Kubanenergo for 2010;
- approving the conclusions and act of the Auditing Commission on the results of the inspection of the financial and operating activities of Kubanenergo for 2010;
- carrying out monitoring work to analyse construction and operation of fibre optic power lines at Kubanenergo for 2005-2001 and engaging specialists (experts) to carry out the monitoring work;
- electing a Chairman and Secretary to the Auditing Commission;
- approving the act of the Auditing Commission on the results of carrying out monitoring work to analyse construction and operation of fibre optic power lines at Kubanenergo;
- carrying out monitoring work at Kubanenergo on realisation of projects in the targeted Federal Programme for Construction of Olympic facilities and Development of the City of Sochi as a Mountain Resort and engaging experts (specialists) to carry out the monitoring work;
- approving the act of the Auditing Commission on the results of carrying out monitoring work of execution of the targeted Federal Programme for Construction of Olympic facilities and Development of the City of Sochi as a Mountain Resort.
An act (conclusions) was drawn up regarding the results of each of the monitoring works containing recommendations on improving the control environment and eliminating infringements. The acts and instructions of the Auditing Commission were sent to the Society for Development of Work on Eliminating Infringements and Execution of Instructions and Recommendations.
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Protocols of meetings of the Auditing Commission can be found at www.kubanenergo.ru — in About the company/Activities control system/Auditing Commission
Membership of the Auditing Commission
Current membership of the Auditing Commission elected at the annual general shareholders meeting of Kubanenergo held on 14 June 2011.
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Izumrud Aligadzhiyevna Alimuradova, 1971
Chair of the Auditing Commission
Head of the Department for Internal Auditing and Risk Management at MRSK Holding
Education: Dagestan Lenin State University, PhD in Economics
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Vladimir Nikolayevich Arkhipov, 1956
Head of the Department for Safety at MRSK Holding
Education: Novosibirsk Electronic Institute of Communications
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Lyudmila Dmitriyevna Kormushkina, 1956
Head of Department for Internal Auditing, Revision Inspections and Appraisals of the Department for Internal Auditing and Risk Management at MRSK Holding
Education: Dalnevostochnaya State Academy of Economics and Management
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Aleksandr Valentinovich Krotov, 1959
Deputy Head of the Audit Department at Rosneft
Education: Yaroslav Higher Military Financial College, Moscow Institute of Finance
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Irina Andreyevna Chentsova, 1985
Until September 2011 was consultant to the Administration of the Federal Property Management Agency
Education: Russian Tsiolkovskii State University.
Membership of the Auditing Commission
elected at the annual general shareholders meeting of 30 June 2010, authority terminated 14 June 2011.
- Izumrud Aligadzhiyevna Alimuradova, Chair of the Auditing Commission, Head of the Department for Internal Auditing and Risk Management at MRSK Holding
- Vladimir Nikolayevich Arkhipov, Head of the Department for Safety at MRSK Holding
- Evgenii Sergeevich, Senior Specialist Expert of the Analysis and Activity Indicator Monitoring Section of the Administration of the Federal Property Management Agency
- Lyudmila Dmitriyevna Kormushkina, Head of Department for Internal Auditing, Revision Inspections and Appraisals of the Department for Internal Auditing and Risk Management at MRSK Holding
- Aleksandr Valentinovich Krotov, Deputy Head of the Audit Department at Rosneft
Information about positions held by members of the Auditing Commission: current membership of the Auditing Commission — at 21 December 2011; previous members of the Auditing Commission — at the time of election.
Remuneration of members of the Auditing Commission
In accordance with the Statement at Kubanenergo on remuneration and compensation payments to the Auditing Commission remuneration to members of the Auditing Commission at the current time are set at twenty times the amount of the minimum monthly tariff rate for a first class worker set by the sectoral tariff agreement in the electrical energy sector of the Russian Federation. In addition remuneration is made for expenses related to taking part in meetings of the the Auditing Commission and carrying out inspections, in accordance with the Company’s norms for reimbursing business trip expenses in force at the time of the meeting or inspection.
The total remuneration paid to members of the Auditing Commission for 2011 was 393 000 rubles. The Company owes no money with regard to remuneration of members of the Auditing Commission.