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30,08%Exchange Bodies
1) General Meeting – the General Meeting consists of all shareholders of the Belex who are registered in the Central Registry as lawful holders of Belex shares on the shareholder date determined by the decision of the Supervisory Board on convening the General Meeting, in accordance with the Law. The General Meeting is convened by the Supervisory Board in accordance with the Law, and the decision to convene the General Meeting is published on the Belex website. The General Meeting is held at the headquarters of the Belex, unless otherwise specified by the decision of the Supervisory Board on convening the General Meeting.
2) The Supervisory Board – The Stock Exchange, in accordance with the Capital Market Law, has a Supervisory Board. The Supervisory Board of the Stock Exchange consists of five members elected by the General Meeting from among the shareholders with the largest capital participation in the Stock Exchange. The General Meeting, by decision on the election of the Supervisory Board, determines the shareholders who make up its composition as well as the number of representatives that each selected shareholder appoints to serve as a member of the Supervisory Board. The Supervisory Board and one or more shareholders individually or collectively owning at least 5% of the Stock Exchange shares propose the composition of the Supervisory Board, which is then elected for a term of 4 years, with the possibility of reelection. Members of the Stock Exchange Supervisory Board must meet the requirements for members of the Stock Exchange management set forth in the Capital Market Law. The Securities Commission approves or rejects the decision on the election or appointment of members of the Stock Exchange Supervisory Board. The mandate of newly elected members of the Stock Exchange Supervisory Board begins on the day of obtaining the approval of the Securities Commission, while in the meantime, the outgoing Supervisory Board continues to function in a "technical" capacity.
3) Legal Representatives – The Stock Exchange has a Chief Executive Officer. The CEO of the Stock Exchange is the legal representative of the Belex. The duties and powers of the CEO are further regulated in the Belex's Articles of Association. In matters subject to prior approval by the Supervisory Board in accordance with the law and the Stock Exchange's Articles of Association, the Stock Exchange is jointly represented (with co-signature) by the CEO and one member of the Stock Exchange's Supervisory Board, who is elected from among its members by a majority vote of all members, as another representative of the Exchange, for the remaining term of office of that member of the Supervisory Board.
Exchange Committees
1) Listing Committee – Exchange Commission, which performs services that are relating to the listing of securities on the Stock Exchange, a temporary suspension of trading in securities, delisting of securities from the Stock Exchange, as well as other activities determined by the Rules on Listing of the Belgrade Stock Exchange, in the first instance. Listing Committee has three members appointed by the Supervisory Board, selected among the shareholders of the Stock Exchange, the Stock Exchange members, employees of the Exchange and other qualified professionals. A person appointed as a member fo the Listing Committee must have at least three years of experience in working with securities.
2) Disciplinary Committee – Committee of the Stock Exchange that, in accordance with the Rules on Business Operation and Regulations for disciplinary proceedings and disciplinary responsibility of the members of the Exchange and authorized brokers of the Belgrade Stock Exchange, as a first instance authority, initiates and conducts proceedings against members of the Exchange and the authorized brokers to determine the existence of disciplinary violations, and outlines the responsibilities and imposes measures to the executants of the offense. Disciplinary Committee has a chairman and two members, as well as a vice-president and two deputy members. Said persons are appointed by the Supervisory Board of the Stock Exchange among qualified experts and employees of the Exchange, with experience in jobs related to trading activities and operations with securities, or economic or procedural law, on the term of two years, with the possibility of re-election. Disciplinary Committee has an obligation to annually and upon request of the Supervisory Board reports the disciplinary proceedings conducted and imposed measures to the Supervisory Board. Against the decision of the Disciplinary Committee an appeallation to the Supervisory Board of the Exchange may be raised, as the appellate authority in the proceedings.
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