The Board of Directors of Vozrozhdenie Bank (hereinafter the Bank) provides general management of the Bank’s activity, except for the resolution of issues related to the competence of the General Meeting of Shareholders in accordance with the current legislation of the Russian Federation and the Bank’s Articles of Association.Its scope of competence includes determining of the strategic areas of the Bank’s activity, control over financial and economic activities, establishing and operating an efficient system for internal control, ensuring the implementation of shareholders’ rights as well as control over the activities of the Bank’s executive bodies. The competence of the Bank’s Board of Directors is determined by the Bank’s Articles of Association.
In order to further improve the efficiency of its work in accordance with the Regulation on self-assessment of the Bank’s Board of Directors activity, the members of the Board of Directors hold an annual activities evaluation for two sets of indicators: indicators arising from the main goals and objectives of the Bank’s Board of Directors and indicators related to the procedure for organization of work of the Bank’s Board of Directors.
The Bank’s Board of Directors is elected in the amount of 7 people by cumulative vote during the Annual General Meeting of Shareholders of the Bank for the period up the next Annual General Meeting of Shareholders of the Bank or Extraordinary General Meeting of Shareholders of the Bank, the agenda of which includes an item regarding the election of the new Board of Directors.
In accordance with the decision of the Annual General Meeting of Shareholders of the Bank, the remuneration of the members of the Board of Directors of the Bank for participation in the work of the Board of Directors of the Bank in 2018-2019 amounted to 493 150,69 rubles.
Information about activity of the Board of Directors for the year
During the period from June 30, 2018 to May 31, 2019, the Board of Directors held 24 meetings (DOC, 130.5 KB) of the Board of Directors, including 4 meetings in the form of joint presence and 20 meetings in the form of absentee voting (by means of polling), where 123 issues were considered.Composition of the Board of Directors