The General Shareholders’ Meeting is the highest governance body of the Bank.
Under the requirements of the applicable laws of Ukraine and the Bank’s Articles of Association it is within the exclusive competence of the General Shareholders’ Meeting to:
1. determine the main directions of the Bank’s activities, and approve plans and reports
on their fulfillment thereof
2. introduce amendments to the Articles of Association of the Bank
3. change the amount of the Bank’s Authorized Capital
4. approve the Bank’s annual financial statements and reports, opinions of the Auditing Committee and the external auditors reports
5. adopt the resolutions concerning the income distribution, announcement and approval of the amount of annual dividends, to determine the time and terms of dividend payments
6. adopt the resolutions on shares placement, shares buy-out/redemption, cancellation of redeemed shares, shares split or consolidation, and the form of the existence of shares
7. resolve on the procedure of holding the General Shareholders’ Meeting
8. approve principles of corporate governance
9. elect, appoint and terminate the powers of the Chairman of the Supervisory Board (Deputy Chairman) and the Supervisory Board members, approve the terms of employment contracts with them, determine the amount of their remuneration
10. appoint and terminate the powers of the Chairman and members of the Auditing Committee
11. approve provisions on governance bodies of the Bank as well as amendments thereof
12. resolve on conducting material transactions and interested parties transactions (with reference to the Law of Ukraine on “Joint Stock Companies”)
13. decide on Bank’s liquidation, elect a liquidator, members of a liquidation committee, approve the procedure and the period of liquidation, distribution of assets, remaining after satisfaction of the creditor’s claims among shareholders, approve the liquidation balance.
The General Shareholders’ Meeting is entitled to resolve any issue, which concerns the Bank activities, or delegate this right to the Supervisory Board, except for the exclusive competences.
The Annual General Shareholders’ Meeting takes place once a year, not later than April, 30. The Extraordinary General Shareholders’ Meetings are convened by the Supervisory Board on its own initiative, or requested by the Management Board, the Auditing Committee or a shareholder (shareholders), who owns more than 10% of Bank’s shares.
Each shareholder has the right to participate in the General Shareholders’ Meeting, to place items on the agenda and to nominate candidates as members of governance bodies. In order to participate effectively in a meeting, shareholders are provided with relevant and material information on timely and regular basis. If the shareholder is not able to participate in a meeting, he shall delegate his right to vote to his authorized representative.
The resolutions on issues brought to a vote on the General Shareholders’ Meeting shall be made by a simple majority of votes of shareholders.
More information on competence and procedures of the General Shareholders’ Meeting is provided in the Bank’s Articles of Association.
Meetings 2010:
- Extraordinary Annual General Meeting - 9 Septenber 2010
- Extraordinary Annual General Meeting - 2 August 2010
- Annual General Meeting - 28 April 2010
Meetings 2009:
- Extraordinary General Meeting 2009 - 28 November 2009
- Annual General Meeting - 28 April 2009
- Extraordinary Annual General Meeting - 28 February 2009
- Extraordinary Annual General Meeting - 9 January 2009
