RA EX-PRESIDENT ROBERT KOCHARYAN APPOINTED AS AN INDEPENDENT DIRECTOR OF SYSTEMA AFC
/PanARMENIAN.Net/
29.06.2009 15:38 GMT+04:00
/PanARMENIAN.Net/ Systema AFC OJSC, the largest public diversified
financial corporation in Russia and CIS, held an annual Shareholders’
Meeting on June 27.
Directors’ Boards was expanded from 10 people to 13. 3 new Directors
were appointed into the Board: Systema AFC President Leonid Melamed,
Sistema Shyam Teleservices’ Directors’ Board representative Radjiv
Mehrotra. RA Ex-President Robert Kocharyan was appointed as an
independent director of Systema AFC.
4 out of 13 positions in the Board of Directors are occupied by
Independent Directors. Board Meeting also approved the annual report
and accounting documents for 2008. A resolution not to pay off 2008
dividends was passed.
Systema AFC owns the following assets in Armenia: WiMax- Cornet Am
operator, Mars Factory, as well as 3 Scientific Research Institutes.
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