print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all North-West Telecom press releases

North-West Telecom

July 19, 2002

Committees of the board instituted

On July 18th, a meeting of the Board of Directors of OJSC North-West Telecom was held. A number of issues of the Company’s activities were reviewed.

An outstanding item of the meeting was institution of special committees reporting to the Company’s Board of Directors. As a result of discussion, it was decided to establish the following committees:

1.       Corporate Governance Committee. Chairperson: Irina M. Ragozina.

2.       Corporate Financing and Investment Committee. Chairman: Sergei V. Soldatenkov.

3.       Budget Committee. Chairman: Anton I. Osipchuk.

4.       Accounting and Rewards Committee. Chairman: Ivan I. Rodionov.

The Accounting and Rewards Committee was manned the same day. On its list are O. A. Lebedinets and Benjamin Wilkening (representative of AIG-Brunswick Capital Management.) The Board assigned to Chairpersons of the Committees nomination of personnel and work plans of the instituted committees.

Says Ivan Rodionov, head of the Accounting and Rewards Committee:

“Institution of the Committees is a milestone in the Company’s development, since it describes the degree of its preparedness to positive changes.”

Another independent Director Dmitry Levkovsky is of a similar opinion:

“Establishment of the Committees will mean more efficient work of the Board of Directors and the Company as a whole. They will help solve North-West Telecom’s business matters as promptly as possible, while considering interests of all the parties.”

In his turn, Nikolai Bredkov, Deputy General Director (Corporate Governance), OJSC North-West Telecom, comments the Board’s decision as follows:

“According to the international corporate governance practice, such committees are a link of direct communication between the board of directors and executive bodies. Of special importance is membership of independent directors in the committees of the NWT Board of Directors.

Within the framework of the committees, recommendations will be prepared the Board’s decision-making on the most important aspects of the Company’s business”.

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer