Annual Report - Končar Distribution and Special Transformers Inc.

5. Corporate organisation
and management in 2012
In the course of 2012, Management Board of KonËar D&ST d.d. was composed of:
Ivan Klapan, President of the Management Board
Josip BelamariÊ, member, Director of MPT profit centre
Ivan Sitar, member, Director of DT profit centre
Petar VlaiÊ, member, Finance Director
Vanja Burul, deputy member, Deputy Director of MPT profit centre
Martina MikuliÊ, deputy member, Deputy Director of DT profit centre
Business processes in 2012 were organized through Distribution Transformers
(DT) Profit Centre and Medium Range Power Transformers (MPT) Profit Centre,
managed by their management of directors (Profit Centre Director and Deputy
Director and Directors of Sales, Engineering and Production of Profit Centres)
with common departments on the Company basis. Project team for the preparation
and construction of the strategic investment named HV (High Voltage) Laboratory
is organised as a separate unit.
In 2012, the Company has been operating at a single location, at the address:
Josipa MokroviÊa 8, 10090 Zagreb. In 2012, for the purpose of conducting of the
works on the transport and assembly of medium range power transformers in
Morocco, the branch office in Casablanca, Morocco, under the name Koncar
D&ST Succursale Maroc has been established.
6. Corporate Governance
Code application
The Company has been applying most of the provisions of the Corporate Management
Code issued by the Zagreb Stock Exchange and the Croatian Financial
Services Supervisory Agency (HANFA), published at the official Zagreb Stock
Exchange website (www.zse.hr) except for certain provisions deemed as not required
for application in the prescribed form. The Company finds that non-application
of such provisions does not impair a high level of transparency of the
corporate operations, and will not have a significant effect on the current and
prospective investors in their investment decisions.
A questionnaire with answers to 68 questions precisely responding to the questions
on the Code provisions applied and those not applied by the Company is
available to the public at the official Zagreb Stock Exchange website (www.zse.hr)
and at corporate website (www.koncar-dst.hr).
Within the framework of its organisation model of operations and all business
processes, the Company has developed internal control systems on all significant
levels enabling among other things fair and correct presentation of financial
statements and operation reports.
Information on major shareholders are available on daily basis at the official
Central Depository & Clearing Company (SKDD) website (www.skdd.hr), and the
balances as at 31 December 2012 and 2011 respectively are published in this
report. Preferred shares do not provide votes.
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