Shareholders Meetings
The superior body of SITRONICS OJSC is the meeting of shareholders. SITRONICS OJSC complies with all required procedures for equal exercise of rights of shareholders to participate in the Company's control by adopting resolutions at the Shareholders General Meetings.
During the holding of the Shareholders General Meetings the Company adheres to the following principles:
- Maintain an efficient procedure to bring to the notice of shareholders proposals on the agenda of the Shareholders General Meeting including those to put forward candidates for members of the Board of Directors and Audit Committee;
- Compile reporting for the Shareholders General Meeting both in Russian and English and circulate them simultaneously among shareholders;
- Circulate information pertaining to the Shareholders General Meeting through mass media, the company's web site on the Internet and by direct mailing to shareholders (in the case of their request being properly filed according to laws, requirements and regulations in effect);
- Provide contact details in reporting circulated and easy access to the Corporate secretary and/or Company's corporate actions department regarding questions of observance of rights of shareholders;
- Fix such a time and place for holding the Shareholders General Meeting so as to eliminate an unjustified waste of money and time for shareholders to participate in and for the Company to organize and conduct the meeting;
- Invite the members of the Board of Directors and Administration, CEO, members of the Audit Committee and the representative of an independent auditor to attend the Shareholders General Meeting.