Today Bank Vozrozhdenie has held the meeting of the Board of Directors.
Some of the agenda items were preliminary discussed at the meetings of the bank’s Audit Committee and the Human Resources and Compensation Committee.
The agenda included items on preparation to the extraordinary General Meeting of Shareholders that is held due to material changes of the current legislation concerning the legal status of corporates (the Federal law № 99-FZ dated May 5, 2014 “On amendments to the Chapter 4, Part 1 of the Russian Federation Civil Code and on revocation of the particular provisions of the Russian Federation legal acts”) coming into force on September 1, 2014. The Board of Directors preliminary considered the new edition of the Articles of Association incorporating all the legislation changes, the Listing rules of the CJSC “MICEX Stock Exchange” and recommendations of the Corporate Governance Code, approved the form and the text of the voting ballots and stipulated the scope of information materials to be submitted to shareholders in terms of preparation to the extraordinary General Meeting of Shareholders of Bank Vozrozhdenie.
Due to changes in the legislation of the Russian Federation concerning internal control in credit institutions, including the Federal law “On banks and banking activity”, the Regulations of the Bank of Russia № 242-P “On organization of internal control in credit institutions and banking groups”, registration of the Listing rules of CJSC “MICEX Stock Exchange” by the Bank of Russia and approval of the Corporate Governance Code, the Board of Directors of Bank Vozrozhdenie has approved the new edition of the Regulations on the Audit Committee of the Board of Directors and the Regulations on the Internal Audit Service of the bank. The Board has agreed with recommendations of the Audit and the Human Resources and Compensation Committees regarding the candidate to the Head of the Internal Audit Service of V.Bank.
Within its competence, the Board of Directors has also considered the draft agreement and approved the amount of payment to the independent auditor ZAO “PricewaterhouseCoopers Audit” for the audit services in 2014.