OREANDA-NEWS. The Board of Directors of CenterTelecom, meeting on 10 May, took  decisions on a number of issues related to the organization of the company’s Annual General Meeting of shareholders (AGM).
 
At the meeting the members of the Board preliminarily approved the company’s annual report, considered the annual accounting report including profits and losses report; auditor’s and CenterTelecom’s Audit Committee’s conclusions. The members of the Board also gave their recommendations on profit allocation including recommendations on the size and terms of payment of dividends.
 
The Board discussed amendments and additions to CenterTelecom’s Charter and Regulations on the Board of Directors. Members of the Board suggested the selection of Ernst & Young LLC as the company’s auditor for 2007, and gave their recommendations on the annual fee payable to the members of the Board. The meeting participants also approved the text of notification of AGM, a list of the documents to be submitted to the shareholders and the format and text of voting papers.
 
Decisions of the Board of Directors were made taking into the account recommendations of CenterTelecom’s Corporate Governance Committee, Audit Committee and HR Committee.
 
In accordance with the decision of the Board of Directors made at the meeting held on 13 April 2007 the following AGM agenda was approved:
 
2. Approval of the company’s annual report, annual accounting report including profits and losses report, allocation of profit including dividend payment and losses for 2006.
3. Election of members of the Board of Directors
4. Election of Audit Committee members.
5. Approval of the company’s auditor for 2007.
6. Inclusion of amendments and additions into the CenterTelecom’s Charter, approval of the revised Charter
7. Inclusion of amendments and additions into the CenterTelecom’s Regulations on the Board of Directors, approval of the revised Regulations.
8. Annual remuneration to members of the Board of Directors.
9. Interruption of CenterTelecom’s participation in the Association of Electric Communications of Central Region

The Annual General Meeting of CenterTelecom shareholders will be held on 18 June, 2007 at 11 a.m. at the Renaissance Moscow Hotel, Moscow, Olympiysky Prospect, 18/1. Registration of shareholders will be held from 9 a.m. 18 June. The list of the persons who have voting rights at the AGM was compiled as of 4 May 2007.