ANNUAL REPORT - KORADO, as

CORPORATE GOVERNANCE
General Meeting
The General Meeting of Shareholders is the supreme body of
KORADO, a.s. Its powers and responsibilities are stipulated
by the Commercial Code and Company Articles of Association.
The Board of Directors convenes a General Meeting
once a year.
The bodies executing corporate governance and control
functions are as follows:
Supervisory Board
The Supervisory Board is the top supervisory body of KORA-
DO, a.s., authorized to oversee the performance of the Board
of Directors and Company business operations. The composition,
performance and authority of the Supervisory Board
are laid down in the Commercial Code and Company Articles
of Association. The Supervisory Board has six members, of
which four are elected and recalled by the General Meeting
and two are elected by Company employees pursuant to Section
200 of Act No. 513/1991 Coll., the Commercial Code. The
Supervisory Board generally meets once every two months.
In 2010, the Supervisory Board held six meetings.
Members of the Supervisory Board at 31 December 2010:
Chairman: Mr. Ludvík Petr
Vice-chairman: Mr. Jaromír Hejda
Member: Ms. Hana Vaňousová
Member: Mr. Oliver R. Greene
Member: Ms. Květoslava Najmanová
Member: Mr. Josef Bíža
Business Director
Business Department
Supervisory Board
Production Director
Production Department
General Meeting
Board of Directors
Managing Director
Department of
the Managing Director
There was one Supervisory Board change in 2010. On 7 October
2010, the employees elected Ms. Hana Vaňousová as
a Supervisory Board member to replace Mr. Jindřich Fohl.
Board of Directors
The Board of Directors is the statutory body that manages
KORADO, a.s., and acts on its behalf. Board of Directors
members are appointed by the Supervisory Board from candidates
nominated by the shareholders. The Board of Directors
decides on all matters that lie outside the remit of the
General Meeting pursuant to the applicable legal regulations
or Company Articles of Association. The Board of Directors
usually meets monthly.
Members of the Board of Directors at 31 December 2010:
Chairman: Mr. František Menclík
Vice-chairman: Mr. Miroslav Vobora
Member: Dr. Richard Howard Wilson Brook
Member: Mr. František Hamáček
Procurement and Sales
Director
Procurement and Sales
Department
Annual Report 2010
Finance and Controlling
Director
Finance and Controlling
Department
Directors of subsidiaries
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