The Managing Board of the PC “Vojvodinašume” is appointed by the Assembly of the AP Vojvodina and it consists of 11 members. Employees have 5 representatives. The tenure of office lasts for 4 years, with the possibility of reelection.
The Managing Board determines business policy, adopts development plan and programme of work, decides on changes of business activities, adopts business activities reports, decides on distribution of profits, makes investment decisions and performs other activities in accordance with the Decision on Establishing the Company, Statute, Law on Business Societies and other laws.
The Supervisory Board is appointed by the Assembly of the AP Vojvodina and it has 5 members. The tenure of office lasts for 4 years, with the possibility of reelection.
The Supervisory Board performs supervision over the Company’s work, reviews the annual report, periodic accounting, annual account and proposal for distribution of profits.
The Company Director is appointed by the Assembly of the AP Vojvodina upon the proposal by the Executive Council of the AP Vojvodina. The tenure of office lasts for 4 years, with the possibility of reelection.
The Company Director manages the work of the Company, represents and acts on behalf of the Company, makes decisions independently and he is held responsible for the legality of the Company’s activities, appoints and dismisses assistant directors and other persons with special powers and performs other activities stipulated by the Law and Statute.
The Executive Board of Directors is an auxiliary and executive body of the Company Director.
The Decision on Appointment and Dismissal of Members of the Executive Board of Directors is adopted by the Company Director. As a rule, members of the Executive Board of Directors are assistant directors and directors of the Company sections.