Rosgeologiya expands authority of board of directors
MOSCOW. Dec 14 (Interfax) - The Russian state holding Rosgeologiya has expanded the authorities of its board of directors, the holding's deputy general director, Sergei Matrosov, said at a meeting on Wednesday.
"A new charter has been adopted that expands the board of directors' authority," Matrosov said.
The charter stipulates that the board is to confirm all decisions regarding the conduct at subsidiary and dependent enterprises of shareholder meetings, their reorganization, liquidation, charter capital adjustments, and changes to boards of directors.
The parent company's board will also be responsible for approving deals with the property and securities of subsidiaries.
As reported yesterday, OJSC Gazprom CEO Alexei Miller is to chair the board, the list of candidates to which included Sergei Donskoy; Nikolai Laverov, vice president of the Russian Academy of Sciences; Alexander Natalenko, chairman of the board of directors at NOVATEK ; Vyacheslav Poltavtsev, deputy general director of MMC Norilsk Nickel ; Anatoly Ballo, deputy chairman of Vnesheconombank (VEB); and Mikhail Stavsky, first vice president for exploration and production at Bashneft .
Rosgeologiya's deputy general director, Oleg Petukhov, said that the organization expects sales revenues of 7.2 billion rubles this year, that its assets will be worth 4.9 billion rubles, its accounts receivable (for nine months) to be 1.3 billion rubles, its accounts payable - 1.9 billion rubles (for nine months - 1.4 billion rubles for the year).
Matrosov noted that by the end of February there will be ready a federal state property fund Rosimuschestvo directive concerning the size of an additional issue by Rosgeologiya. By the end of March there will have been determined the terms for the privatization of the federal state unitary enterprises making up part of the outfit.
A presidential decree on the formation of Rosgeologiya was signed in July of this year. The holding will unite 37 state-owned geological enterprises, of which 24 are open joint stock companies and 13 are federal state unitary enterprises.