Returning Board Sample Clauses

Returning Board. Returning Board is established by the Supervisory Board of the Company for polling, Shareholders registration for participation in the General Meeting of Shareholders and for voting bulletins issuing. Quantitative and personnel staff of the Returning Board is approved by the General Meeting of Shareholders, and the staff of the Returning Board cannot be less than three persons. Members of the Supervisory Board, members of the Auditing committee, Executive Body, as well as individuals, nominated for these positions, cannot be the members of the Returning Board. The Returning board authorities are: - defining the quorum of the General Meeting of Shareholders; - explanation of matters, occurring in relation with the voting by Shareholders (their Representatives) at the General Meeting of Shareholders; - explanation of voting procedure on the voting matters; - ensuring of the established voting procedure and execution of the right of Shareholders to participate in voting; - votes counting and voting resume; and - minutes making on voting results and voting bulletins transferring to the archive.
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