OREANDA-NEWS. May 25, 2011. At its regular meeting held today in Moscow, the Board of Directors of OJSC KAMAZ discussed the course of preparation for the annual general shareholders’ meeting of OJSC KAMAZ and considered a wide range of issues concerning the company’s activity.

The participants of the meeting listened to a report on the results of OJSC KAMAZ’s 2011 business plan execution for the first three months, discussed measures planned to change the organizational structure of OJSC KAMAZ’s production activities, made decisions on the issues of company’s cooperation with its subsidiaries.

A month before the general shareholders’ meeting devoted to the results of 2010, the annual report and financial statements of KAMAZ have been preliminarily approved. The members of the Board of Directors continued to discuss the agenda and suggested solutions to those issues which are submitted to the annual general meeting in accordance with federal law on joint stock companies and the charter of OJSC KAMAZ.

The Board of Directors recommended that the shareholders’ meeting shouldn’t pay the members of the Board of Directors remuneration and the shareholders dividends for 2010.