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1.3
Corporate governance report
Responsible corporate governance is the basis for
all the KD Holding Group’s activities. This mission
Supervisory Board of the parent company, which
has a two-tier management system.
is pursued by the Management Board and the
Management bodies at KD Holding - tasks and responsibilities
General Meeting of Shareholders
Appointing and recalling Superisory
Board members
Awarding discharge
Deliberating on Supervisory Board members’ remuneration
Formation of proposals for resolutions
Reporting and notifying
Authorisation to convene the General Meeting
Formation of proposals for resolutions
Authorisation to convene the general
meeting
Report on the verification and
confirmation of the annual report and
stand regarding the auditor’s report
Awarding discharge
Deliberation on remuneration
linked to the appropriation of
undistributed profit
Reporting and notifying
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Supervisory Board
Presenting the annual report
Proposal for the appropriation
of undistributed profits
Appointing and recalling
Management Board members
Management Board
Signing contracts with members of the
Management Board and deliberation
regarding their remuneration, approvals of
loans to members of the Management Board
Regular monitoring of the Management
Board’s operations
General Meeting of Shareholders
portion of balance sheet profit in the amount of EUR
18,801,026.54 as follows:
The General Meeting of Shareholders of KD Holding adopts
the basic decisions leading to the realisation of the central
economic objective: creating value for shareholders.
A portion of the balance sheet profit in the amount
of EUR 889,819.42 from profit brought forward was
earmarked for payments to holders of preference
cumulative participating KDHP shares.
At the General Meeting of Shareholders held on
30 August 2007, 77percent of shares with voting
rights were represented. The General Meeting of
Shareholders passed a resolution on the use of a
A portion of the balance sheet profit in the amount
of EUR 8,562,048.00 was earmarked for payments of
dividends to holders of ordinary KDHR shares. The gross
dividend per ordinary share of KDHR was EUR 3.20.