The General Shareholders’ Meeting is the supreme governing body of the Development Bank and acts in line with competence stipulated by the legislation of the Republic of Belarus, Articles of Association of the Development Bank.
The main shareholder of the Development Bank is the Council of Ministers of the Republic of Belarus.
The General Shareholders’ Meeting is authorized to take strategic decisions regarding the bank’s operations. The General Shareholders’ Meeting sets the tasks for the Bank’s efficient development for the next year. Traditionally the annual General Shareholders’ meeting is held under the chairmanship of the current Prime Minister of the Republic of Belarus. The procedure of convening General Shareholders’ Meetings of the Development Bank is specified by the Articles of Association of the Development Bank.
The Development Bank secures the following major lawful rights of the shareholders:
Receiving a part of the Development Bank’s profit as dividends;
In case of the Development Bank’s liquidation, receiving a part of property remaining after settlements with creditors or the value thereof;
Participating in the General Shareholders’ Meeting with a right to vote upon issues within the scope of competence of the General Shareholders’ Meeting of the Development Bank;
Receiving information on the Development Bank’s activities.
