RUSSIA - June 29 - Govt. Controls Gazprom Board.At Gazprom's annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. (AFM (Atomic Force Microscope) A device used to image materials at the atomic level. AFMs are used to solve processing and materials problems in electronics, telecom, biology and other high-tech industries. ), Arngoldt Bekker withdraws his candidature to the 11-member board and Kremlin candidate Alexandra Levitskay is elected as the 6th board member. Gazprom's management now has only 3 members on the board, with the Kremlin having a majority of 6. Ruhrgas of Germany retains one seat and anti-management and ex-finance minister Boris Fyodorov is re-elected as a member. (With this shift in power, the shareholders have allowed a simple board majority to replace top managers at any time compared with the current requirements for unanimity. The moves follow criticism by investors of Gazprom's former management led by Rem Vyakhirev, who was replaced as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. last month by Alexei Miller, a close ally of Pres. Putin. In a face-saving gesture, Vyakhirev is elected chairman on the board's recommendation, and Dmitri Medvedev becomes deputy chairman. The shift in power is the culmination of changes brought about by the appointment of Medvedev, a top Kremlin aide, as chairman at last year's AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f , when Gazprom's executive management first lost outright control of the board to a combination of government representatives and independent directors. The increased power for the state has raised concerns among some investors, given that it owns only 38% of the company but now has de facto [Latin, In fact.] In fact, in deed, actually. This phrase is used to characterize an officer, a government, a past action, or a state of affairs that must be accepted for all practical purposes, but is illegal or illegitimate. control. Ruhrgas' seat is held by its CEO Berkhard Bergmann. Rurhgas controls 5% of Gazprom. Fyodorov heads UFG UFG Universidade Federal de Goiás UFG United Financial Group UFG Up for Grabs UFG United Freight Global UFG United Food Group Inc (Elgin, IL) UFG Unravel Flow-Graph , a Moscow brokerage. Arngoldt Bekker, who withdrew, heads Stroitransgas, which has come under investor criticism for the amount of business and guarantees given by Gazprom. Current and former Gazprom managers or their families hold a controlling stake in Stroitransgas. Gazprom executives said the company's 2000 accounts, produced in accordance with international standards, had just been approved. They are expected to show a profit for the first time in three years). Shareholders approve the reappointment reappointment Hospital practice The renewal of medical staff membership and privileges of a practitioner whose previous service on the medical staff has met the staff's standard of Pt care. See Appointment. of PwC as auditors. PwC is also appointed to investigate allegations of preferential commercial contracts between Gazprom and Florida-based Itera. (Both companies argue their relations are on purely commercial terms). |
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