TŽ Annual Report 2008 in pdf, 7.5 MB - Třinecké železárny

9.Report of the Supervisory BoardThe Supervisory Board regularly checked compliance of the business activities with legal regulations, the Articles of Association, andresolutions of the General Meeting and the Supervisory Board. During the course of 2008, the Board of Directors informed it on thecurrent economic situation of the Company as well as on fulfilling the Business Plan.At its meetings, the Supervisory Board dealt with the most significant strategic intentions and projects, the significance and character ofwhich were within its decision-making competence placing emphasis on meeting the long-term strategy of the Company.At its meeting on 27 April 2009, the Supervisory Board reviewed the regular financial statements and regular consolidated financialstatements of the Company for 2008, the proposal for distribution of the profit achieved in 2008, and the report of the Board ofDirectors on business activity and the assets of the Company.Based on the audit of the unconsolidated financial statements and consolidated financial statements on the date of 31 December 2008 byDeloitte Audit s.r.o. and their opinions, which were without qualification, the Supervisory Board recommends that the General Meetingof the shareholders of TŘINECKÉ ŽELEZÁRNY, a.s. approve all the above-mentioned documents.The Supervisory Board also reviewed the Report on Relations for the 2008 accounting period considering the Deloitte Audit s.r.o.Auditor’s opinion and concluded that it was prepared in conformity with the Commercial Code and the actual state of relations betweenthe affiliated entities.Tomáš ChrenekChairman of the Supervisory Board26