The Board of Directors
The Board of Directors is responsible for general management matters (including determination of IIB’s business priorities, convening IIB’s general shareholders’ meeting and approving its agenda, electing IIB’s temporary Management Board when the number of members of the Management Board becomes less than required for a quorum to hold the meetings of the Management Board, and approving amendments to IIB’s charter relating to creation and liquidation of IIB’s branches and representative offices), with the exception of matters that are designated by law and IIB’s charter as being the exclusive responsibility of the general shareholders’ meeting. Members of the Board of Directors are elected for a term until the next annual general shareholders’ meeting and may be re-elected an unlimited number of times. The Board of Directors meets at least monthly. Decisions of the Board of Directors are taken by simple majority, except for decisions on the early termination, the appointment of the Chairman of the Management Board and the concurrent appointment of an interim Chairman of the Management Board (and convening the extraordinary general shareholders’ meeting to approve the early termination, the appointment of the Chairman of the Management Board and the election of the new Chairman of the Management Board), where two thirds majority approval by the Board members attending the meeting is required, and provided that there is a quorum. A quorum is present if at least half of the members attend the meeting in person. If one member of the Board of Directors is absent, they may submit their views in writing within three days after the meeting of the Board of Directors.
Board of directors members
- Gerald Kowalski
- Bert Vos
- Vladimir I. Grechushkin
- Didier Deconinck
- David Henderson-Stewart
- Jean-Paul Dessertine
- Alexey S. Zlobin
- Igor B. Serov
Regulations on Board Of Directors
Review of meetings
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