OREANDA-NEWS. June 03, 2010. The Meeting represented 95% of the outstanding voting shares in the Bank. The attending shareholders and their representatives fully supported the recommendations adopted by the Board of Directors in the course of preparing for the Annual Meeting, reported the press-centre of Tatfondbank.    

Having heard the report of K.R. Yusupov, Chairman of the Bank’s Board of Management, on the results of the fiscal year, the opinion of V.A. Kiryashin, Chairman of the Auditing Commission, and G.S. Timokhin, Head of the Audit Organisation of the Bank, on the results of checking the financial and economic activities and reliability of financial statements, the Meeting approved the Annual Report and annual accounts, and found the Bank’s performance in 2009 satisfactory.

The Meeting decided to allocate 75.1% of the profit earned in 2009 to the Bank’s Reserve Fund and leave undistributed 5.1%. The profit will also be used to render charity assistance (18.1% of the profit) and remunerate members of the Board of Directors for the period of their authorities in 2009-2010 (1.7% of the profit). It was decided not to pay dividends on the Bank’s shares for 2009 to increase its capitalisation.

The Meeting elected members of the Bank’s Board of Directors and its auditing and counting commissions. The Board of Directors and the auditing commission of the Bank will continue to work without any changes. The counting commission included, in addition to the Bank’s employees, a shareholder representative.

The Meeting approved OOO Bankovsky Audit as the Auditor of the Bank.

Amendments were introduced to the Bank’s Charter, Regulations for the General Meeting of Shareholders, Regulations for the Board of Directors, and Regulations for Executive Bodies.

The Meeting approved the related-party transactions in accordance with Article XI of the Federal Law ‘On Joint-Stock Companies’, which can be effected by the Bank in the course of its ordinary financial and economic activities within the period until the next Annual General Meeting of Shareholders.

The Meeting of the Board of Directors has once again elected Ildus Mingazetdinov as its Chairman.

Also elected were the members of the Committees of the Board of Directors for strategy, for audit, for risks, for personnel and remuneration, and their chairmen.

The Meeting approved the Plan of Meetings of the Board of Directors of OAO AIKB Tatfondbank for the term of its powers in 2010-2011.

The Board of Directors approved the related-party transactions as defined by Article XI of the Federal Law ‘On Joint-Stock Companies’, made decisions on a number of internal documents of the Bank, provision of charity assistance and other issues within the competence of the Board of Directors.