OREANDA-NEWS. February 25, 2013. A meeting of the Board of Directors of JSC AIKB Tatfondbank was held.

The Board of Directors considered and approved the proposals of shareholders on the nominees to the Bank’s bodies for election at the annual General Meeting of Shareholders, which were made in accordance with legislation and the Bank’s Charter. Shareholders made no proposals concerning the agenda of the annual General Meeting of Shareholders.

The Board of Directors considered the reports on the performance of corporate and retail divisions of the Bank in 2012 and found as satisfactory their work aimed at the implementation of the development plans. Also considered were the prospects for development of the Bank’s corporate and retail divisions.

The Board of Directors considered the report on personnel development in 2012 and approved the action plan for 2013 within the framework of the Bank’s personnel policy implementation.

The Board of Directors made decisions on changing the number and composition of the Bank’s Board of Management based on the outcomes of studying the practice of formation of collegial executive bodies of credit institutions.

The Board of Directors made decisions in the field of control. In particular, it heard a report of the Bank’s Internal Control Function for the 2nd half of 2012 and a report of the Controller of the Bank as professional participant of the securities market for the 4th quarter of 2012. Their work in the reporting period was found satisfactory. Amendments were introduced to the Regulations for Internal Control Function of JSC AIKB Tatfondbank, and the new version of the Instructions for Internal Control of JSC AIKB Tatfondbank as professional participant of the securities market was approved.

The Board of Directors agreed to the results of the regular assessment of the state of the Bank’s corporate governance held in accordance with techniques of rating agencies and recommendations in this field that were used to develop the action plan for 2013, which was further approved by the Board of Directors. The work done by executive bodies for further improvement of the Bank’s corporate governance practice in 2012 was found satisfactory.

The Board of Directors determined the approaches to organising its work; introduced amendments to the Plan of meetings of the Board of Directors for the term of powers of its current composition, and approved the list of issues recommended for inclusion to the Work Plan of the Board of Directors and its Committees for the term of their powers in 2013-2014.

Also made were other decisions within the competence of the Bank’s Board of Directors.