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Alba holds its Annual General Meeting for 2021
MANAMA, 10 days ago Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, held its annual general meeting (AGM) on Thursday (March 11) – its first AGM meeting through virtual platforms. The AGM approved the non-distribution of cash dividends to shareholders and transfer BD9,755,000 - the net profit for the year-ended December 31, 2020, to retained earnings, said a statement. Approvals were also given to the recommendation of the Board of Directors’ total remuneration of BD210,000 for the year-ended December 31, 2020 and subject to the approval of the Ministry of Industry, Commerce and Tourism. The AGM apporved the minutes of the previous Annual General Meeting which was held on March 8, 2020. The Report of the Board of Directors for the year-ended December 31, 2020 was approved while the External Auditors’ Report for the Financial Statements for the year was reviewed.
Alba holds its AGM for 2021 zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Approval of the agenda
Appointment of the commission responsible for scrutinizing elections and polling
Appointment of the commission responsible for reviewing and approving the minute of the meeting
Presentation and approval of amendments to the Bylaws
Presentation and consideration of Board of Directors report on its performance, progress and compliance with the Corporate Governance Code
Presentation and consideration of the 2020 Performance Management Report by the Board of Directors and the Chief Executive Officer of Ecopetrol S.A
Presentation and consideration of individual and consolidated financial statements as of December 31, 2020
Review of the External Auditor Report
Approval of the Board of Directors report on its performance, progress and compliance with the Corporate Governance Code