Page 50 - 2022 - annual report

The Chairman of the Supervisory Board is elected by the members of the Supervisory Board
by a majority vote of the total number of members of the Supervisory Board elected to the
Supervisory Board from its composition.
The members of the Supervisory Board are elected by the General Meeting of Shareholders
for a term of three years in accordance with the procedure established by the legislation and the
Charter of UZCE.
Persons elected to the Supervisory Board may be re-elected an unlimited number of times.
The number of members of the Supervisory Board is seven people.

Activities of the Supervisory Board in 2022

During the reporting year, the Supervisory In addition, decisions were made to
Board carried out certain work to comply include new candidates in the composition
with the statutory requirements for the of the “Arbitration Committee on Dispute
management of the joint-stock company, Resolution at the Uzbek Republican Currency
including the implementation of measures Exchange”, “Disciplinary Committee of the
within the framework of the Development Uzbek Republican Currency Exchange”,
Strategy of the UZCE. “Committee of Traders of the “Uzbek
The activities of the Supervisory Board Republican Currency Exchange” JSC”.
were aimed at developing the activities of In order to attract an independent
the UZCE, including further expansion of organization to evaluate the corporate
the exchange tools, improvement of internal governance system in the UZCE for 2021
documents, as well as control over the financial on the basis of Part X of the Corporate
and economic activities of the Executive Body Governance Code approved by the minutes of
of the UZCE. the meeting of the Commission on Improving
In the reporting year, 13 meetings of the the Efficiency of Joint-Stock Companies and
Supervisory Board of UZCE were held, at Improving the Corporate Governance System
which appropriate decisions were made on dated December 31, 2015 No. 9, a tender was
the issues considered. held, following which a decision was made to
conclude an agreement with a State-owned
The issue of the dismissal of an employee
of the internal audit service of UZCE from enterprise “Central Depository”.
his post, as well as shareholder proposals for Also, in the reporting year, the issues of
inclusion in the agenda of the annual General making changes to the UZCE business plan
Meeting of shareholders of UZCE were for 2022, approving the UZCE business plan for
considered. 2023, as well as making appropriate changes
and additions to some internal documents of
Also, decisions were made to accept joint-
stock company “Bank Apelsin” as a member the UZCE were considered.
of UZCE in category “A” and “B”, joint-stock In addition, the reports of the UZCE
commercial bank “Madad Invest Bank” - in Executive Body for the first quarter and the
category “B”, exclusion of private joint-stock first half of 2022 were approved, amendments
commercial bank “HI-TECH BANK” and private and additions were made to the Charter
joint-stock commercial bank “Turkiston Bank” of UZCE, its new edition was approved.
from the membership of UZCE. Also, amendments and additions to the

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