MANAGEMENT INFORMATION CIRCULAR
Some highlights:
MATTERS TO BE ACTED UPON AT THE MEETING
Fixing Number of Directors
Management is seeking Shareholder approval of a resolution decreasing the number of Directors from nine to eight and fixing the number of Directors at eight for the ensuing year.
The Shareholders will be requested at the Meeting to pass the following resolution:
“IT IS HEREBY RESOLVED THAT:
the number of Directors be fixed at eight
Presently there are only 7 Directors. But we have a new nominee, in Igor Akhmerov to fill the 8th spot. Of course he’s not really new; this will be his second stint with Falcon.
The Shareholders will be requested at the Meeting to pass the following resolution, without variation:
“IT IS HEREBY RESOLVED, THAT the following persons be elected as Directors of the Corporation to hold office until the next annual meeting of Shareholders or until a successor is duly elected, unless his or her office is earlier vacated in accordance with the articles of the Corporation:
JoAchim Conrad
John Craven
Daryl H. Gilbert
Thomas G. Harris
Robert C. Macaulay
Gregory Smith
Dr. György Szabó
Igor Akhmerov”
Igor Akhmerov
Mr. Akhmerov is a new nominee to the Board. He graduated from the Moscow Institute Of Management (1989), Wharton Business School (1995), and Lauder Institute of Business and International Relations (1995). From 1989 through 1993 he worked at the Moscow office of Bain & Company, specialized in privatization and banking. After graduation from Wharton Business School he worked for the Boston office of Bain & Company. In 1998 he returned to Russia and joined Sputnik Group, the largest Russian private equity investment group, as a partner. In 2001 he moved to TNK as First Vice President for Planning, Budgeting, Investment Governance, Taxes, and Reporting. From 2004 until 2006 he served as Chief Financial Officer of Renova Group. He has served as Chief Executive Officer of Avelar Energy Group since 2007. Mr. Igor Akhmerov is also a Non-Executive Member of the Board of Directors of Kerself SpA, the leading player in the Italian solar market, since September 24, 2008.
