BOARD OF DIRECTORS

The Board of Directors of Makedonski Telekom AD – Skopje manages the Company within the authorizations defined by the Law and the Statute, as well as the authorizations explicitly granted by the Shareholders’ Assembly. The rights and obligations of the Board of Directors, in accordance with the Law on Trade Companies, are regulated with the Statute of the Company.

• The members of the Board of Directors are appointed by the Shareholders’ Assembly of Makedonski Telekom AD - Skopje.
• The Board of Directors of Makedonski Telekom AD - Skopje appoints the President of the Board of Directors from its non-executive members.
• The structure, election, authorizations and operation of the Board of Directors are regulated with the Statute of Makedonski Telekom AD – Skopje and the Rules of Procedure of the Board of Directors.
• Bodies established by the Board of Directors are: Audit Committee and Remuneration Committee.
• The members of the Audit Committee and the Remuneration Committee are appointed and released by the Board of Directors of Makedonski Telekom.
• The operation of these bodies is defined in the Rules of Procedure that regulate their competences, composition and activities. The said Rules of Procedure are adopted by the Board of Directors.
• The rights and obligations for decision making by the Board of Directors, in accordance with the Law on Trade Companies, are regulated with the Statute of Makedonski Telekom AD - Skopje.

Within the authorizations defined with the Law on Trade Companies and the Statute of Makedonski Telekom AD - Skopje, the Board of Directors manages the Company and consists of fourteen (14) members, of whom 13 (thirteen) are non-executive members, 1 (one) is executive member who bears the title Chief Executive Officer and four (4) of the non-executive members are independent members of the Board of Directors.

Board of Directors of Makedonski Тelekom AD – Skopje