The General Shareholders Meeting is the supreme management body of the Bank. A General Shareholders Meeting may be annual or extraordinary.
The annual General Shareholders Meeting shall resolve issues of election of the Board of Directors of the Bank, the Revisory Commission, approval of the Bank auditor, approval of annual reports, annual financial statements including profit and loss statements of the Bank, distribution of its profit as well as the procedure of covering Bank losses suffered during the fiscal year.
Notice of a General Shareholders Meeting is given in Rossiskaya Gazeta (Russian Gazette). The Bank may also use other mass media (TV, radio) to notify the shareholders of a General Shareholders Meeting.
The notice of convocation of an extraordinary General Shareholders Meeting should be made not later than 20 days, and the notice of convocation of an annual General Shareholders Meeting or a General Shareholders Meeting the agenda of which includes an issue on Bank reorganisation, - not later than 30 days before the date of the meeting.
