The Audit Commission is elected by the General Meeting of Shareholders in the number of 4 members for the period until the next annual General Meeting of Shareholders takes a decision to elect the new members of the Audit Commission.
The right to nominate candidate members of the Audit Commission belongs to shareholders who jointly hold not less than 2 percent of the voting shares of the bank as of the date of making the relevant suggestion.
Suggestions of the shareholders shall be received by the bank not later than 30 calendar days after the end of the financial year.
The suggestion on nominating candidate members of the Audit Commission shall contain the following data:
Along with the suggestion on nominating candidate members of the Audit Commission the initiator(s) submits to the Board of Directors the consent of the candidate to be nominated as candidate member of the Audit Commission stating:
The suggestion is signed by the shareholder or his/her authorized representative. If the suggestion is signed by an authorized representative, it shall be accompanied by the duly issued power of attorney.
The Board of Directors is entitled to reject a candidate in the following cases:
You can get to know in details about the Audit Comission the Regulations on the Audit Comission of Vozrozhdenie Bank.