OREANDA-NEWS. December 29, 2011. Stavropol was home to a meeting of the Committee for Collaboration with Minority Shareholders of Sberbank of Russia. This is the sixteenth meeting the Committee holds regionally.

As Anton Danilov-Danilyan, Chairman of the Committee, pointed out, such events are designed to establish effective communication with Sberbank's shareholders and help the management to 'keep their finger on the pulse' and increase the bank's transparency.

The meeting was attended online by minority shareholders of entities from the North-Caucasus Region. They could use the videoconference to put questions to Anton Karamzin, Deputy Chairman of the Management Board of Sberbank of Russia, Petr Koltypin, Chairman of the North-Caucasus Bank, share their ideas and suggestions. In particular, minority shareholders were interested in how the domestic banking sector would be affected by Russia's accession to the WTO, whether Sberbank had any plans to issue additional stock, how shareholders would benefit from banks purchased abroad, what Sberbank's further strategic plans were and in other things.

Anton Danilov-Danilyan emphasized that the Committee's operations not only help to enhance corporate transparency: "We are implementing an effective feedback tool by receiving, collecting and forwarding complaints and suggestions from shareholders for consideration by the management. This helps adjust and improve the bank's operations, including its dividend policies".

A video broadcast was arranged from the Committee's meeting so that the conference could be attended by anyone with access to the Internet.