The Shareholders General Meeting is the highest management body of the Company.
In accordance with the the Kubanenergo Charter the following questions in particular lie within the competence of the:
- amendments and additions to the Charter;
- reorganisation and liquidation of the Company;
- increasing or reducing the equity capital of the Company;
- segmentation or consolidation of Company shares;
- decisions on the Company making additional offers of stock converted into share;
- election of members of the Board of Directors and the Revision Commission of the Company and early termination of their authority;
- approving annual reports, annual accounts, distribution of profit (including paying dividends);
- decisions on approving major transactions as well as transactions in which there is an interest in the cases stipulated by the Federal law On Publically Owned Companies;
- approving internal documents regulating the activities of bodies of the Company;
- decisions on remuneration and (or) compensation of members of the Board of Directors and Revision Commission.
Preparation for and holding Kubanenergo general shareholders meetings is carried out in accordance with the legislation of the Russian Federation and the Statement on the order of preparing and holding general meetings of shareholders of the company*.
In 2011 there were two general shareholders meetings: the annual meeting and an extraordinary meeting.
- *
The Statement on the order of preparing and holding general shareholders meetings at Kubanenergo can be found at www.kubanenergo.ru — in About the company/Constituent and in house documents