Supervisory Board chairman Sudhir Gupta and Executive Board chairman and company CEO Alexei Gurin presented reports on the company’s 2005 performance and an outlook for 2006.
During the meeting, shareholders approved a number of measures, including adoption of the company’s 2005 financial statements for 2005 and a policy for allocation of profits and dividends; adoption of remuneration policies for both the Executive and Supervisory Boards; adoption of a corporate governance policy; and authorization of the Executive Board to acquire up to 10% of the issued shares in the capital of the company.