The Board of Directors (BoD) is responsible for the day-to-day management of Kofola ČeskoSlovensko operations under the supervision of the Supervisory Board (SB). The BoD is required to keep the SB informed, to consult with the SB on important matters and to submit certain important decisions to the SB for its approval. The members of the BoD are elected by the SB.
A member of the BoD is appointed for a period of five years and may be reappointed. The SB may also dismiss any member of the BoD at any time.
The Board of Directors appoints a chairperson from amongst its members.
Resolutions of the BoD require the approval of the General Meeting when these relate to an important change in the identity or character of the Issuer or its business.
The BoD acts on behalf of the Issuer towards third parties, in which case at least two members of the Board of Directors must act jointly.