In accordance with the Statement on paying remuneration or compensation to members of the Board of Directors approved at the annual general shareholders meeting, remuneration of members of the Board of Directors is calculated in the following manner:
- for attendance at a meeting remuneration is paid in the amount equal to three (in the event of the meeting being in absentia) or five (in the event of the meeting being in joint presence format) minimum monthly tariff rates for first class workers set by sectoral tariff agreement in the electricity production sector in the Russian Federation on the day of the meeting, taking indexation into account;
- additional remuneration is paid to members of the Board of Directors for meeting net profit indicators according to the annual accounting report approved by the general shareholders meeting, as well as in the event of an increase in the size of market capital of the Company in the period of the Board of Directors.
In addition, members of the Board of Directors are compensated for their expenses related to taking part in meetings of the Board of Directors (travel, accommodation, meals, etc).
Total remuneration paid to members of the Board of Directors for taking part in the work of the Board of Directors in 2011 totalled 1 704 660 rubles. The Company owes no monies regarding remuneration of members of the Board of Directors.