INDEPENDENCE OF SUPERVISORY BOARD MEMBERS AND NONEXECUTIVE DIRECTORS

Nadzorni odbor predstavlja tijelo unutar trgovačkog društva koje posreduje između uprave i dioničara društva. Kako dioničari društva imaju mogućnost ostvarivati svoja prava na glavnoj skupštini koja se sastaje obvezatno samo jednom godišnje, a po potrebi i češće, javila se potreba uspostave tijela koje će biti manje i stručnije te koje će biti u mogućnosti da se češće sastaje i nadzire rad uprave društva. Nadzornom odboru se daje ovlast i da saziva glavnu skupštinu kada to zahtijevaju interesi dioničkog društva, a uprava propusti to učiniti. Nadzorni odbor zajedno s upravom društva utvrđuje godišnja financijska izvješća društva, imenuje članove uprave društva, daje odobrenje za obavljanje djelatnosti članova uprave koje bi predstavljale povredu zabrane konkurencije, te odobrava sklapanje ugovora sa samim sobom i odobravanje kredita iz sredstava društva članovima uprave i nadzornog odbora.The Supervisory Board is a body within the company that mediates between the management and the shareholders of the company. Since the shareholders of the company have the opportunity to exercise their rights at the general meeting, which meets only once a year, and if necessary more often, there is a need to establish bodies that will be smaller and more professional and will be able to meet more often and supervise the work of the management. society. The Supervisory Board is also empowered to convene the General Assembly when the interests of the joint stock company so require, and the Management Board fails to do so. The Supervisory Board, together with the Company's Management Board, determines the annual financial statements of the Company, appoints members of the Management Board of the Company, approves the activities of Management Board members that would represent a violation of the non-competition, and approves the conclusion of contracts with itself and the granting of loans from the Company's assets to members of the Management Board and the Supervisory Board