|
Articles & publications
28.04.2010
BoD of Svyazinvest approves insurance liability contracts for board members and top managersInterfax
The board of directors of Svyazinvest on Wednesday approved insurance liability contracts for members of the board of directors and top management of the company.
Chairman of the board of directors and presidential advisor Leonid Reiman will not be taking part in the insurance program at his own request given the specific nature of his status as civil servant, according to a statement released by Svyazinvest.
As shown in materials used at the board of directors meeting, a copy of which was obtained by Interfax, the holding will be acquiring D&O policies from OOO SK Soglasie.
The insurance premium under the liability insurance contract of the director general of Svyazinvest, members of the board and other top managers (heads of departments, their deputies, and heads of divisions) is set at $213,000, while the insured amount is $50 mln and the term of the contract is 1 year.
The insured amount under the contract with each of the 8 (except for Leonid Reiman) participants of the board of directors is provided for in the amount of $10 mln, franchise is equal to $50,000 and the insurance premium is $3,000.
As a result, the total insured amount for the board of directors and top management comes to $130 mln.
In addition, the board of directors heard a report on the main financial and operating indicators of Svyazinvest’s subsidiary Dagsvyazinform, which was delivered by the general director of the company Gamzat Gamzatov.
The board of directors recognized the results of Dagsvyazinform as unsatisfactory and also recognized the report of the general director as unsatisfactory.
|
