4.4. Report on remuneration to the management and control authorities
Members of the Board of Directors Remuneration
Payment of remuneration to the members of the Board of Directors is made in accordance with Regulation on remuneration payment to the members of the Board of Directors of the PJSC RusHydro.
- Basic part of remuneration of each member of the Board of Directors is 900,000 rubles.
- The amount of remuneration depends on quantity of the meetings in which the member of the Board of Directors took place.
- The amount of remuneration increases if the member of the Board of Directors is:
• Chairperson of the Board of Directors (by 30 %),
• Chairperson of the Board of Directors Committee (by 20 %),
• the member of the Board of Directors Committee (by 10 %).
- Total amount of remuneration taking into account the bonuses established by the Regulation, may not exceed 1,000,000 rubles.
The remuneration of the Board members, RUB
|Remuneration for participation in the work of the management body||4,852,958.59||7,442,307.68||7,861,990.94|
|The costs associated with the performance of the functions of a member of management, the Company compensated||336,214.43|
Member of the Management Board Remuneration
Payment of remuneration and compensation to the members of the Management Board of the issuer is made in accordance with the terms of labour agreements and Regulation on the procedure of remuneration and compensation payment to the members of the PJSC RusHydro Board of Management, approved by the decision of the Board of Directors of the Joint-Stock Company as of 16.11.2010 (Minutes as of 19.11.2010 No. 111).
The additional agreements with the members of the Board of Management concerning the payment of remuneration and other financial rewards and incentives in the current financial year, have not been signed by the Company.
- For implementation of the KPI set by the Board of Directors for the Company. The Regulation provides the quarterly and annual remuneration (for the Board Chairperson only the Company KPI are established, for other members of the Board – the Company KPI (50 % of premium) and individual KPI (50% of premium), taking into account distribution of tasks, powers and responsibility between the members of the Board);
- For implementation of the annual integrated indicator of the RusHydro Group Long-term Development Programme implementation (including 12 LTDP KPI) the additional bonus award of the Board members is provided by the Regulation;
- “Golden parachutes” for early termination of the contract are not provided. Maximum amount of compensation repaid under early discharge of the Board member, is limited to three-fold average monthly earnings of the Board member.
The remuneration of the Management Board members, RUB
|The costs associated with the performance of the functions of a member of management, the Company compensated||26 024 539,35||7,788,019.40|
Remuneration to the members of the Audit Commission
Payment of remuneration to the members of the Revision Committee is made in accordance with Regulation on remuneration payment to the members of the PJSC RusHydro Revision Committee as of 26.06.2015 (Minutes as of 26.06.2015 No.13).
Remuneration of the members of the Audit Commission, RUB
|Fee for participation in the body of control over financial and economic activities of the issuer||242,450.00||497,000.00||342,200.00|
The number of Management Board, persons