Board structure of IQ Finance
Credit Partnership governed by a general meeting of its members, the Management Board, and the Audit Commission.
Governance credit partnership elected by the general meeting of participants and manages the day-to-day operations of the credit partnership.
Governance credit partnership reports annually to the general meeting participants of the credit partnership on the results of its activities.
The powers of the management board of the credit partnership include:
Preparation of proposals for the adoption of internal rules the activities of the credit partnership and their subsequent modification.
Preparation and submission for consideration of the general meeting of the participants of the credit partnership proposals on credit and investment policy.The credit partnership's internal credit policy and credit committee rules.
Exercise of other powersrelated to the current activities of the credit partnership and which do not constitute the exclusive competence of the general meeting of shareholders of the credit partnership.
Preparation and the submission of an annual financial statements.
Establishment dimensions of labor remuneration for employees.
Document preparation on issues admission and withdrawal of participants from the credit partnership and submit them to the general meeting of the participants of the credit partnership.
Preparation and the submission of an annual cost and revenue estimates and a report on its execution.
Participation rights
IQ Finance Guidelines
During the existence of the Credit Partnership «IQ FINANCE» The Board, consisting of 3 voting members (collectively, the “Board” or “Board members”), has established policies and practices for organizing its activities to help it fulfill its responsibilities to IQ FINANCE and its stakeholders.
Principles of organization of the Management Board's activities - a scheme to enable the Board and the CT to effectively fulfill the mission ”IQ FINANCE».
The Principles were drafted by the Board as some flexible concept within which the Board can operate, rather than as a set of legal obligations.
These Principles should be interpreted in the context of all applicable laws, as well as the Charter, the Founding Compact, policies and processes «IQ FINANCE» .
These principles may be further refined or amended as the Board deems necessary or appropriate.
Composition of the Management Board
The Management Board may not be a sole bodyand the number of its members shall be an odd number, but not less than three.
The Management Board is headed by the Chairmanelected by the general meeting of the members of the credit partnership.
By decision of the general meeting of credit partnership participants, the chairman and (or) members of the management board may be elected of persons who are not members of the credit partnership. One or more members of the credit partnership must be on the management board.
