OREANDA-NEWS. May 14, 2009. The meeting of KAMAZ Board of Directors took place in Moscow. The meeting was devoted to discussing issues of the company’s financial and economic activity and the annual general shareholders’ meeting which will be held on June 26, 2009.

Board of Directors heard a report on fulfillment of KAMAZ organizations’ business plan during three months of 2009, considered and preliminarily approved the annual report and accounts of KAMAZ Inc. for 2008, the agenda of the annual shareholders’ meeting and a number of other issues.

Taking into account the difficult financial and economic situation in the country which affects production and economic activities of KAMAZ Inc., Board of Directors decided to suspend paying its members fixed bonuses.

At the same time Board of Directors considered it necessary to continue an old tradition of KAMAZ and charged Director General with providing material assistance to non-working pensioners of KAMAZ Inc. living in Naberezhnye Chelny.

Different organizational issues of preparation for the KAMAZ annual general shareholders’ meeting according to the results of 2008 were also discussed.