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Based on a resolution of the General Meeting of
Shareholders, a portion of the balance sheet profit
in the amount of EUR 77,185.00 was used to pay
bonuses to the Supervisory Board and the Management
Board, EUR 34,185.00 going to the members of the
Supervisory Board in office on 31 December 2006,
and EUR 43,000.00 to the Management Board.The
remainder of the balance sheet profit in the amount of
EUR 9,271,974.12 was unused and the decision on its
the Management Board to purchase treasury shares, which:
granted the management board of KD Holding, the
subsidiaries in the Group and third parties the power to
purchase treasury shares in the parent company and
approved the conditions, in line with legislation, under
which purchases and disposals can proceed;
set terms under which the Management Board
can acquire or dispose of treasury shares outside the
organised market.
appropriation was deferred until the next year.
For the purpose of complying with the Corporate
At the same General Meeting of Shareholders,
shareholders granted relief to the Management Board and
the Supervisory Board, confirming and approving the work
of their members in the 2006 financial year. They also
appointed an auditor and approved a resolution authorising
Governance Code, the General Meeting of Shareholders
also passed a resolution amending the company’s
Articles of Association and a resolution defining monthly
payments to Supervisory Board members in place of the
previous session fees.
47
Supervisory Board
Aleš Vahčič, PhD
Aleš Vahčič, PhD, was first appointed member
The business of the parent company KD Holding is
supervised by a three-member Supervisory Board. Its
powers and responsibilities are set out by its own Rules
of Procedure, the company’s Articles of Association
and the applicable legislation. The Supervisory Board’s
current term of office runs from 7 March 2005 to 7
March 2009.
of the Supervisory Board on 6 March 2001 and
became Chairman of the Supervisory Board on 18
November 2004.
He has a doctorate in economics and is a professor at
the University of Ljubljana’s Faculty of Economics. He
has been a member of the Supervisory Board of the
Seaway Group since 2001.
Composition of the Supervisory Board:
Name and surname Function in Supervisory Board Profession (company/organisation) Function
Aleš Vahčič, PhD Chairman Faculty of Economics, Ljubljana Full professor
Alojz Penko Deputy Chairman Retired -
Bojan Sekavčnik Member PM&A FA d. d., Ljubljana Member of the Management Board