On February 19, 2012 a meeting of the MICEX-RTS Board of Directors was held. The participants of the meeting were informed of technical glitches occurred during Q4 2011 and measures taken by the Exchange in order to reduce the probability of such failures in the future. The Board of Directors’ Technical Policy Commission and Audit Commission were instructed to control execution of the plan of action developed by the Exchange at least once a quarter. The Exchange’s senior managers were asked to elaborate procedures for eliminating consequences of abnormal situations jointly with the Users Committees within a month. The next item in the meeting’s agenda was the course of merger between the RTS Group and MICEX Group. Afterwards the Board of Directors discussed a report on 2011 project activities. The meeting participants also considered each Executive Board members’ 2011 reports and made a decision on the members’ remuneration. A structure of an underwriting syndicate comprised of four global coordinators and five book runners was approved within the framework of the meeting’s agenda item On transactions in OJSC MICEX-RTS stocks and preparing to the IPO. |