Shareholder's Decisions at General Meetings

Pursuant to Section 187(1) of the Commercial Code, the following decisions of the General Meeting were made:

At its meeting on 19 April 2011, the General Meeting of the Company

  • discussed the Report of the Board of Directors on the Company's Business and Assets in 2010;
  • discussed the submitted financial statements and the proposal of the Board of Directors for profit distribution for 2010;
  • reviewed the Report of the Company's Supervisory Board on the results of audit activities of the Board of Directors and on a review of the Related Party Report of the Board of Directors pursuant to Section 66a(9) of Act No. 513/1991 Coll., Commercial Code, as amended;
  • approved the Company's financial statements for 2010;
  • decided on the distribution of profit from 2010 so that out of the after-tax profit of CZK 139,116,391.35, the allocation to the Reserve Fund will be CZK 6,955,819.57, while CZK 132,160,571.78 will be carried over into retained earnings, so the final retained earnings will amount to CZK 336,589,915.60;
  • elected Mr. Jiří Koutník for a four-year term as a member of the Board of Directors of Komerční pojišťovna, a.s. with effect from 19 April 2011;
  • elected Mr. Pavel Čejka for another four-year term as a member of the Supervisory Board of Komerční pojišťovna, a.s. with effect from 19 April 2011;
  • approved an agreement on service of a member of the Board of Directors of Komerční pojišťovna, a.s., entered into by Komerční pojišťovna, a.s., and Mr. Jiří Koutník;
  • approved an agreement on service of a member of the Supervisory Board of Komerční pojišťovna, a.s., entered into by Komerční pojišťovna, a.s., and Mr. Pavel Čejka;
  • approved an increase of the Company's registered capital by CZK 271,245,600 from its own sources – retained profits from previous years, stated in the financial statements under item A.VI. Liabilities. The registered capital will be enlarged by increasing the nominal value of the existing shares by 30%, so that the shares with the current nominal value of CZK 111,900 will have a new nominal value of CZK 145,470 and the shares with the current nominal value of CZK 55,950 will have a new nominal value of CZK 72,735.
  • approved the Board of Directors' proposal for a change of the Company's Articles of Association;
  • authorized Deloitte Audit, s.r.o., Karolinská 654/2, 186 00 Prague 8 to perform an statutory audit of the Company for the financial year 2011.

At its meeting on 27 September 2011, the Extraordinary General Meeting

  • elected Mr. Stéphane Corbet for another four-year term as a member of the Board of Directors of Komerční pojišťovna, a.s. with effect from 27 September 2011;
  • elected Ms. Šárka Šindlerová for another four-year term as a member of the Board of Directors of Komerční pojišťovna, a.s. with effect from 27 September 2011;
  • elected Mr. William-Hans Chonier for a four-year term as a member of the Board of Directors of Komerční pojišťovna, a.s. with effect from 27 September 2011;
  • approved an agreement on service of a member of the Board of Directors of Komerční pojišťovna, a.s., entered into by Komerční pojišťovna, a.s., and Mr. Stéphane Corbet;
  • approved an agreement on service of a member of the Board of Directors of Komerční pojišťovna, a.s., entered into by Komerční pojišťovna, a.s., and Ms. Šárka Šindlerová;
  • approved an agreement on service of a member of the Board of Directors of Komerční pojišťovna, a.s., entered into by Komerční pojišťovna, a.s., and Mr. William-Hans Chonier.