Vozrozhdenie Bank has held the meeting of the Board of Directors

4 February 2015

Vozrozhdenie Bank has held the meeting of the Board of Directors.

A number of the agenda items had been preliminarily discussed at the meetings of the bank’s Audit Committee.

To ensure the proper preparation for holding the AGM in accordance with the bank’s internal documents, the Board of Directors has approved the composition of the Committee for preparing and holding the annual General Meeting of Shareholders. The Board also considered proposals on nomination of candidates to the Board of Directors submitted by the shareholders owning over 2% of voting shares. As a result of the consideration, the following nominees were put forward to the Board of Directors:

  • Mr Igor Antonov
  • Ms Lyudmila Goncharova
  • Mr Alexander Dolgopolov
  • Mr Andrey Zvezdochkin
  • Mr Alexey Krapivin
  • Mr Oleg Lapushkin
  • Mr Igor Lojevsky
  • Mr Leonid Makarevich
  • Mr Vladimir Malinin
  • Mr Sergey Malinin
  • Mr Otar Margania
  • Mr Nikita Mikhalkov
  • Ms Tatiana Orlova
  • Mr Yury Osipov
  • Mr Mikhail Prokhorov
  • Mr Dmitry Titov
  • Mr Andrey Shalimov
  • Mr Mukhadin Eskindarov

“Having realised the importance of fresh developments along with succession in the composition of the Board of Directors, we have proposed a number of new nominees. This time the long list highlights the bank’s openness and well-established system of corporate governance. We aim at enhancing the effectiveness of the Board with independent directors. Their expertise and background in other companies would tremendously contribute to the further progress of the bank in line with the existing strategy, while the current members’ deep insight into the business would help to retain our key strengths,” commented Otar Margania, Chairman of the Board of Directors at Vozrozhdenie Bank.

Within the terms prescribed by the bank’s Articles of Association, the Audit Commission of the bank received no shareholders’ proposals on inclusion of items into the agenda of the annual General Meeting of Shareholders or on nomination of candidates to the bank’s Audit Commission. The decision on the date of holding the annual General Meeting of Shareholders was not taken on this meeting.

In accordance with the approved Activities Plan, the Board of Directors considered a number of quarterly reports including the Report on compliance with the rules of internal control and with internal control programmes to combat legalization (laundering) of criminally obtained revenues and terrorist financing, Report of the Controller over Vozrozhdenie Bank professional activity on the securities market, Report on the results of the Internal Control to combat insider information misuse and market manipulation in the bank. The Board has also considered the Report on execution of the decisions adopted by the Board of Directors in Q4 2014.

In view of coming into force on December 21, 2014 of the additional requirements to the procedure of documents submission provided in Cl. 1 Art. 89 of the Federal Law “On Joint Stock Companies” and to the procedure of submission of copies of such documents (Instruction of the Bank of Russia № 3388-U dated September 22, 2014), the Board of Directors adopted a new edition of the Regulations on Information Policy of Vozrozhdenie Bank.

Notification on change of the name of the bank
Standard&Poor’s affirmed credit ratings of Vozrozhdenie Bank