The Annual General Shareholder’s Meeting approved the distribution of profits (losses) and made the decision not to pay out dividends for regular and preferred company shares on the results of 2013 due to the company’s losses, which were the result of re-evaluating the shares of affiliates and subsidiaries which are on the company’s books. The meeting also decided not to pay bonuses to members of the Board of Directors for their work on the board.
The meeting approved a new edition of the Company Charter which was amended due to the recent changes in Russian legislation; amendments were also entered into the Charter due to the change in the company’s physical location and the English translation of the company’s name. Furthermore, the new edition of the Charter also includes a host of new company regulations: Regulations on the General Shareholder’s Meeting, on the Board of Directors, on the Management Board, on the Audit Committee, on the payment of Bonuses and Compensation to the Board of Directors and on the payment of Bonuses and Compensation to the company’s Audit Committee.
The Annual General Shareholder’s Meeting approved liability insurance contracts for company directors and executives until December 24, 2015, which are considered interested party transactions. Liability insurance for company directors and executives is widely used by the largest Russian and international companies.
24 Января 2025 | пятница | 23:35
