General Meeting of Shareholders

The shareholders may exercise their rights set forth in the Company’s Charter primarily by participating in the General Meeting. The Annual General Meeting of Shareholders is mandatory. In addition, extraordinary meetings may be held if so resolved by the Board of Directors or requested by the Revision Commission, auditor or shareholder(s) holding at least ten per cent of shares.

The Annual General Meeting of Shareholders is mandatory. In addition, extraordinary meetings may be held if so resolved by the Board of Directors or requested by the Revision Commission, auditor or shareholder(s) holding at least ten per cent of shares

Shareholders holding at least two per cent of shares may put forward proposals as regards the agenda for the Annual General Meeting, propose candidates to the Board of Directors, the Revision Commission, and the Counting Commission, as well as call Board of Directors meetings.

In 2012, the Annual General Meeting of Shareholders was held along with one extraordinary meeting. The meetings’ agenda included, inter alia, amendments to the Charter of OAO TMK, approval of the Company’s annual report and annual financial statements, distribution of profits for 2011 and 1H 2012, election of the Board of Directors and the Revision Commission, auditor approval, amendments to the Regulations on the Board of Directors, approval of related party transactions.

Activity of the Board of Directors in 2012

In 2012, the Board of Directors held 32 meetings, including eight meetings held in person. Key items included:

  • TMK’s investment programme for 2013;
  • logistics management system of the Company;
  • TMK’s Business Plan for 2011 through 2015;
  • TMK’s target structure for 2013;
  • market environment and development of TMK’s distribution platform;
  • TMK’s consolidated budget for 2013;
  • TMK’s management accounts;
  • results of Internal Audit Department’s activity in 2012.

Services & Tools

My Annual Report

Tools