General Shareholders’ Meeting
The General Meeting of Shareholders of the Company is the senior management body of IDGC of Centre, JSC. Shareholders of IDGC of Centre, JSC participate in management of the Company, first and foremost by adopting resolutions on key issues of Company policy at the General Shareholders’ Meeting. In accordance with the Articles of Association and the Federal Law On Joint-Stock Companies, as well as the Company’s by-laws, the following issues fall within the competence of the General Shareholders’ Meeting:
- the introduction of modifications and amendments to the Articles of Association of the Company or approval of the revised version of the Articles of Association of the Company;
- the reorganisation of the Company;
- the liquidation of the Company, the appointment of a liquidation commission and the approval of interim and closing liquidating balances;
- the determination of the quantitative composition of the Board of Directors (Supervisory Board) of the Company, the election of its members and the early termination of their powers;
- the determination of the quantity, nominal value, category (type) of authorised shares and rights granted by these shares;
- the reduction of the authorised capital of the Company by lowering of the nominal value of shares, by the acquisition by the Company of a portion of shares for the purpose of a reduction in the total numbers of shares, as well as by the redemption of purchased or repurchased shares;
- the election of members of the Audit Commission (Inspector) of the Company and the early termination of their powers;
- the approval of the auditor of the Company;
- the payment (declaration) of dividends based on the results of the first quarter, half year, and first nine months of the financial year;
- the approval of annual reports and annual financial statements, including reports on profits and losses (profit and loss accounts) of the Company, as well as the distribution of profits (including payment (declaration) of dividends, except for the profit distributed as dividends based on the results of the first quarter, half year, nine months of the financial year) and losses of the Company at the end of the financial year;
- the determination of the procedure for conducting the General Meeting of the Shareholders;
- the election of members of the accounts commission and early termination of their powers;
- the splitting and consolidation of shares;
- the adoption of resolutions on the approval of transactions in the events provided for by article 83 of the Federal Law On Joint Stock Companies;
- the adoption of resolutions on the approval of major transactions in the events provided for by article 79 of the Federal Law On Joint Stock Companies;
- the acquisition by the Company of outstanding shares in the events provided for by the Federal Law On Joint Stock Companies;
- the adoption of resolutions on participation in financial industrial groups, associations and other alliances of commercial organisations;
- the approval of by-laws regulating the activities of the bodies of the Company;
- the resolution of other issues under the Federal Law On Joint Stock Companies.
Issues which come into the competence of the General Meeting of the Shareholders may not be submitted for consideration of the Board of Directors and the Chief Executive Officer of the Company.
In 2011, the Annual General Shareholders’ Meeting (AGM) took place. The results of the Annual General Meeting of IDGC of Centre, JSC of June 17, 2011 are indicated below.
In the reporting year no Extraordinary General Shareholders’ Meetings were held at IDGC of Centre, JSC.
The full text of the resolutions of the AGM is available on the corporate website of the Company at the address: