Press Release on Decisions Adopted by the Board of Directors on 18th December 2013
On 18th December 2013 the Board of Directors of JSC TransContainer held an in-person meeting and decided to approve following documents:
The budget of OJSC TransContainer for 2014;
The Regulation on development and control of execution of the budget of OJSC TransContainer as amended in the new edition
The report of the General Director on the results of activity of OJSC TransContainer for 9 months of 2013;
The Policy and the Concept of the Corporate Risk Management System of OJSC TransContainer;
The Corporate Card (Register) of risks for 2014, the Action Plan to prevent the detected risks for 2014, the parameters of risks categorization for 2014.
The Report on outcomes of securities issue - non-convertible interest-bearing certificated bearer bonds series 03 with mandatory centralized storage of the Open Joint-Stock Company "Centre for freight transportation in the containers of TransContainer".
In addition were taken notice of the the information on execution of the critical risks action plan for Q3, 2013 and the report on the execution of the Company's credit policy as of September 30, 2013.
As well the Board of Directors decided to: approve target values of key performance indicators for General Director of OJSC TransContainer for 2014; pay a bonus to P. V. Baskakov, the Company's General Director, following the work in quarter III, 2013; approve the provision of charitable help to the All-Russian Social Organization "Organization of Veterans (Pensioners) of War and Labour of Russian Railway Transport" for publishing a book dedicated to the 30th anniversary of establishment of this social organization; approve a number of interested-party transactions.
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