General meeting of shareholders
In accordance with the federal law, On Joint-Stock Companies, and JSC RNT Charter, the companys supreme management body is the General Meeting of Shareholders.
The Annual General Meeting is held once a year, not earlier than two months after the end of the fiscal year and no later than six months after the end of the fiscal year.
The General Meetings other than the Annual General Meeting are considered Extraordinary General Meetings and are held based on the resolution of the Board of Directors of the company at its own discretion, or at the request of the Audit Commission of the company, the Auditor of the company, or its shareholders (shareholder) holding at least 10% of the voting shares as of the date that the request is filed.
The procedure for conducting the General Meeting is regulated by the Regulation on the General Meeting of Shareholders; the federal law On Joint-Stock Companies; and the Regulation on Additional Requirements for the Preparation and Holding of the General Meeting of Shareholders. At the same time, the company places an emphasis upon the preparation and holding of the General Meeting, because this phase is crucial for making balanced decisions.
Legislation and the companys Charter identify the methods the company can use to notify shareholders on the planned General Meeting.
When preparing for the General Meeting of Shareholders, the company provides the persons invited to participate in the meeting with an exhaustive list of information prepared by the Board of Directors for the shareholders to have comprehensive data and understanding on the companys performance, and so that they may make reasoned decisions concerning those issues included in the agenda.
When selecting the site and date for holding the General Meeting of Shareholders, the company assumes that its shareholders must be provided with a real and easy possibility to participate, which is why the company does its best not to create obstacles to the participation of shareholders or to introduce any conditions resulting in the participants incurring unreasonable expenses.
When preparing for and holding the General Meeting of Shareholders, the company is guided by the principle that each shareholder should be able to exercise his or her right to vote in the simplest manner possible.
The procedure for holding the General Meeting of Shareholders ensures that all persons present at the meeting be able to express his or her opinions and to ask questions. The shareholders have sufficient time to make reports concerning the issues on the agenda and time to discuss these issues.
