ANNUAL REPORT 06 - Bosnalijek dd

Auditing BoardCompany Shareholders AssemblyAuditing Board consists of a president and two members. It is authorisedand responsible for preparing and proposing procedures that need tominimise the risk of violations and breaches, for insuring and supervisingthe implementation of accounting standards and suggesting accountingpolicies.In year 2006, annual Company Shareholders Assembly meeting was heldon 24th June and it reached decisions on:• Adopting Annual Report on Business Operations in 2005, with reportsof Auditors, Supervisory Board and Auditing Board• Allocation and method of usage of income realised in year 2005• Allocation of a part of income realised in year 2004 into Companyreserves fund• Accepting Business Plan for 2006Having entered the official quotation of the Sarajevo Stock Exchange in 2006, Bosnalijek accepted the obligation for a regular andtransparent reporting to financial market on its business processes.serving Your health PRINCIPLES OF THE CORPORATE MANAGEMENT ANNUAL REPORT 06 13