Governing bodies

Governing bodies are:

  1. General Meeting of the company
  2. Director of the company

The General Meeting of the Company (hereinafter: General Meeting) is formed of shareholders of the Company. Shareholders of the Company are involved in the activities of the General Meeting through an authorized representative. The representative is appointed by a shareholder of the company or the assigning body who is the bearer of the founder’s rights in the Company. Every shareholder of the company has one representative in the General Meeting who has rights with respect to his/her shares in the company. Every representative has a deputy who performs the duties of the representative in case of his/her absence or inability to work. Deputy representatives are appointed by the shareholder of the company or the assigning body who is the bearer of the founder’s rights in the Company simultaneously with the appointment of representatives. Representatives and deputy representatives are appointed for a term of four years.

The General Meeting has the president and vice president who are elected by representatives of shareholders by majority of votes out of the total number of votes. A vice president of the General Meeting exercises the powers of the president in case of his/her absence or inability to work.

The General Meeting shall perform the following tasks:

  1. make changes to the Memorandum of Association,
  2. prepare annual business plan with founder’s approval,
  3. make long and medium-term work and development plan,
  4. adopt the report on realization of the business plan,
  5. adopt financial statements and auditor’s reports if financial statements were subject to auditing,
  6. supervise the work of the director and adopt his/her reports
  7. decide on increase and decrease of the share capital of the company as well as about issuance of securities,
  8. decide on the distribution of profits and how to cover the losses, including the determination of the date of acquisition of the right to share in profits and the date of payment of share in the profit to the shareholders of the company, and the investment of profit in the development of the company,
  9. appoint and dismiss the director and determine the remuneration for his work and principles for determining such compensation,
  10. appoint an auditor and determine remuneration for his work if it is required by law,
  11. decide on initiation of the liquidation procedure as well as about submittal of the proposal for initiation of bankruptcy proceedings by the company,
  12. appoint the liquidator and approve liquidation balance sheets and reports of liquidator,
  13. decide on acquisition of own shares,
  14. decide on additional payments of the company’s shareholders and their repayment,
  15. decide on the withdrawal of shareholder from the company,
  16. decide on expulsion of a shareholder from the company due to non-payment or non-registration of subscribed pecuniary contribution,
  17. decide on initiation of the procedure for expulsion of the shareholder from the company,
  18. decide on withdrawal and cancellation of shares,
  19. grant the power of representation,
  20. decide on initiating the procedure and giving power of attorney for representing the company in case of a dispute with the procurist, as well as in a dispute with the director,
  21. decide on initiating the procedure and giving power of attorney for representing the company in case of a dispute with a shareholder of the company ,
  22. approve the Agreement on accession of new shareholders and give prior consent to the transfer of shares to a third party in accordance with the law,
  23. decide on status changes and changes of legal form,
  24. approve legal transactions involving personal interest in compliance with the law,
  25. give approval on acquisition, sale, lease, pledging or other disposal of high value assets in compliance with the law,
  26. decide on the rules of procedure,
  27. perform other tasks and decide about other issues in compliance with the law and this Memorandum

 

Appointed shareholders of the General Meeting of the company are:

  • Representatives of the City of Subotica: Čaba Šanta (shareholder), Saša Gravorac (deputy shareholder)
  • Representatives of the Municipality of Bačka Topola: Nađ Oto (shareholder), Brindza Deže (deputy shareholder)
  • Representatives of the Municipality of Kanjiža: Šafranj Atila (shareholder), Balaž Bajtai (deputy shareholder)
  • Representatives of the Municipality of Senta: Domanj Zoltan (shareholder), Livia Lerinc Kiralj (deputy shareholder)
    vRepresentatives of the Municipality of Mali Iđoš: Marević Radimila (shareholder), Mračević Andrea (deputy shareholder)
  • Representatives of the Municipality of Čoka: Jagodica Popović (shareholder), Ševenjhazi Eva (deputy shareholder)
  • Representatives of the Municipality of Novi Kneževac: Vesna Krišanov (shareholder), Anita Ung (deputy shareholder)

The President of the General Meeting of the company is Čaba Šanta, a graduate civil engineer from Subotica and the vice president of the General Meeting is Nađ Oto, a graduate agricultural engineer from Bačka Topola.

The Director of the company (hereinafter: Director) performs the following:

  1. represents and acts on behalf of the company and manages the business in compliance with the law, Memorandum of Association of the company and decisions of the General Meeting,
  2. organizes and manages the business process,
  3. is responsible for lawful operation of the company,
  4. proposes annual business plans to the General Meeting and takes measures for the implementation of those plans,
  5. proposes financial statements,
  6. is responsible for keeping business records of the company in an orderly fashion,
  7. is responsible for accuracy of financial statements of the company,
  8. enables keeping the record of all decision rendered by the General Meeting,
  9. implements the decisions of the General Meeting,
  10. informs the General Meeting about his/her work,
  11. performs other tasks that are not within the competence of the General Meeting.

A director is appointed by the General Meeting of the company for a term of four years. The director is appointed based on the public job competition. The acting director of the company is Andrea Kikić, Master of Economics from Subotica.