"Svyazinvest" does not need council CEO

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Director of subsidiary companies "Svyazinvest" will not include in their board of directors. Of the seven interregional companies of Communications (MRC) in only two nominated by the board of director (minority shareholders). It is one of the candidates and the Director of the largest telecommunications operator "Rostelecom" Constantine Solodukhin. In "Svyazinvest" is explained by the desire to improve the quality of asset management, the experts believe that the new team of top managers of the holding company is trying to do thus "daughters" less self-sufficient.

The Board of Directors of Rostelecom (51% owned by "Svyazinvest) approved the list of candidates to the board of directors of the company. Under the quota, as were representatives of "Svyazinvest" and Minkomsvyazi, as well as a number of independent directors. Director of "Rostelecom" Constantine Solodukhin in the list of candidates has not been, although now it is included in the board of directors.

A day before the list of candidates to the Board of Directors approved another "daughter" of "North-West Telecom (NWT). It includes representatives of the "Svyazinvest" and one Minkomsvyazi. However, Director of the NWT, Vladimir Akulich not included in the number of applicants for seats on the board of directors of the company, the same happened with the CEO "Volgatelekoma" Sergey Omelchenko, who has been nominated to the board of directors of the MRC.

Now a list of candidates for boards of directors have published six of the seven MDR and the largest telecommunications operator Rostelecom. Of the eight companies "Svyazinvest" in only two of the board of directors nominated by the acting director: "Center" and "Uralsvyazinform. And these nominations were made not by the holding company and minority shareholders.

In "Svyazinvest" change in corporate governance is explained as follows: "In the opinion of management holding company, General Director should not serve on the board of directors, as general director - is the executive body and board of directors - the legislature. In the event director, a member of the Board of Directors then reporting on the progress it has made to himself, "- said the Director of External Communications Department," Svyazinvest "Igor Pshenichnikov. In particular, there is a new board of directors of the holding company, which was elected at an extraordinary meeting of shareholders (see "Kommersant" on 11 February) and a new director, "Svyazinvest" Evgeny Yurchenko.

Minority shareholders "Svyazinvest" (owns 25% plus one share), AFK Sistema has insisted that this issue needs to be discussed. "We proposed to create in" Svyazinvest "Committee on the strategy, which would examine these issues, as they should be regulated. Our proposal made to the agenda, consideration is scheduled in the first quarter," - said director of corporate communications complex Sistema Irina Potekhina .

Analyst FC Uralsib "Konstantin Belov believes that the care of the CEO Board of Directors" daughters "Svyazinvest" may indicate a decrease in the level of autonomy "daughters" holding. "Clearly, the influence of the directors-general of several reduced. I think this fits into the overall strategy of" Svyazinvest "to improve the quality of corporate governance. In this strategy, in particular the involvement of a greater number of independent directors (the new board of directors, five - independent, Two of Sistema, as well as Adviser to the Minister of Communications and Mass Communications Mikhail Leshchenko and Adviser to the President of the Russian Federation Leonid Reiman).

Usually, director, left the board of directors, is losing influence, agrees to the head of law firm "Uskov and Partners" Vadim Uskov: "But a lot depends on the statute. Each of the powers of the board and director are distributed in different ways." According to "Rostelecom", the competence of the board of directors includes such matters as the appointment of the director, approval of major transactions, the decision on the bonds, a decision on the deployment issue securities (stocks and bonds).