The election campaign has begun in the Republic of Tatarstan

According to the Federal law "About Joint-stock Companies" the annual general shareholder meetings (AGSM) at which annual reports of the companies are approved decisions on distribution of profit, including payment of dividends are made, new members of the boards of directors and audit commissions are elected, are held every year to the period from March 1 to June 30. The election campaign in the Republic of Tatarstan has begun too.

For structures of the boards of directors and audit commissions of joint-stock companies which actions are in state ownership of the Republic of Tatarstan and (or) on which the decision on use of the special right ("gold share") is made, the Office of the President of the Republic of Tatarstan, the Cabinet of the Republic of Tatarstan the ministries and departments of the Republic of Tatarstan have proposed candidates for 181 representatives of the state for election/appointment during the current campaign and activity in 2017-2018. Directives on a duty to vote for payment of dividends of not less than 30 percent from net profit of Society following the results of 2016 are sent to the acting representatives of the Republic of Tatarstan in governing bodies of joint-stock companies.

Today AGSM are carried out to PJSC Nizhnekamskneftekhim, PJSC Kazanorgsintez, JSC Center of Development of the Land Relations of the Republic of Tatarstan. Orders of the Ministry of land and property of the Republic of Tatarstan on the questions which are within the competence of AGSM on JSC Menzelinsky Breeding Enterprise and JSC Bugulminsky Breeding Enterprise where the Republic of Tatarstan is the only shareholder are published. Candidacies of the nominated representatives of the state in the specified companies are approved. Decisions on payment of dividends in the sum of more than 250 thousand rubles are made. The plan of receipt of dividends following the results of 2016 makes 65 628 thousand rubles.