The Revision Commission is a permanent internal control body of the Company that regularly monitors the financial and economic activities of the Company, its separate units, the Company’s management bodies, and the structural units of the Company’s executive office for compliance with the legislation of the Russian Federation as well as the Company’s Charter and internal documents.
The Revision Commission acts in the interests of the Company’s shareholders and is accountable in its activities to the Company’s General Meeting of Shareholders. When performing its activities, the Revision Commission is not dependent on the Company’s management bodies or the heads of the structural divisions of the Company’s executive office. The Company’s Revision Commission is an elected body whose members are elected each year at the Company’s Annual General Meeting of Shareholders.
The Revision Commission is guided in its activities by the laws of the Russian Federation, the Company’s Charter, this Regulation, and other internal documents of the Company that are approved by the Company’s General Meeting of Shareholders.
|Name||Position held as of December 31, 2018|
|Gennady Bukayev||PJSC Rosneft Oil Company, Vice President and Head of the Internal Audit Service, Chairman of the Revision Commission|
|Tatyana Fisenko||Ministry of Energy of the Russian Federation, Director of the Budget Planning and Accounting Department|
|Svetlana Kovaleva||PJSC Federal Grid Company of the Unified Energy System, Internal Audit Director and Head of the Internal Audit Department|
|Igor Feoktistov||PJSC Federal Grid Company of the Unified Energy System, Internal Control Director|
|Tatyana Zaltsman||PJSC Inter RAO UES, Head of the Economic Planning Department|
Results of activities
The Revision Commission of PJSC Inter RAO is a permanently elected body that monitors the Company’s financial and economic activities in accordance with the Charter and the Regulation on the Revision Commission. The members of the Revision Commission are elected annually at the Annual General Meeting of Shareholders for a term that runs until the next Annual General Meeting of Shareholders.
In 2018, the Audit Commission conducted an audit of PJSC Inter RAO for 2017. Based on this audit, an audit report and an opinion were submitted to shareholders as part of materials for the Annual General Meeting of Shareholders. In addition, two meetings were held in 2018 at which the following was determined: the program and timeframe of the audit of the financial and economic activities of PJSC Inter RAO for 2018; deadlines for submitting materials for verification as well as organizational issues concerning the commission’s activities.
Mechanisms to improve work
At present, the procedure used to form the Revision Commission is consistent with best practices in this field, is transparent, and is under the control of shareholders. Members of the Revision Commission are elected through direct voting at the Annual General Meetings of Shareholders taking into account the qualifications, work experience, and other data presented in the applications of candidates. Considering that the heads of the internal audit services of leading industry companies and heads of financial and economic departments of PJSC Inter RAO are invited to work on the Revision Commission of PJSC Inter RAO, there are no plans to create additional mechanisms to improve the work of the Revision Commission.