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Annual General Meeting of Shareholders

As outlined by the Company’s Charter, the General Shareholders’ Meeting represents the highest governing entity of Rostelecom. The Rostelecom AGM was held on 15 June 2015 (Minutes No. 1, dated 17 June 2015), and approved:

  • the Company’s annual report and annual financial statements for the reporting fiscal year of 2014;
  • the distribution of the Company’s profit for the reporting year of 2014, fixed the amount of dividends for 2014 and the date on which the entities entitled for the dividends should be determined;
  • the new composition of the Board of Directors and the Audit Commission;
  • appointment of Ernst&Young LLC as the Company’s Auditor for 2015;
  • annual remunerations for the previous members of the Board of Directors and the Audit Commission;
  • new versions of the Charter, Regulations on the General Shareholders’ Meeting, on the Board of Directors, on the President and the Audit Commission;
  • a reduction in the charter capital of Rostelecom;
  • related party transactions (loan agreements) that might be concluded between the Company and OJSC VTB Bank in the future in the course of ordinary business of the Company;
  • the Company’s membership of the Association for Electronic Communications Not-for-Profit Partnership and the Association of organizations for innovative development and the National Association of Contact Centres;
  • D&O Liability Insurance Agreement between the Company and OJSC SOGAZ.