Budapesti Ingatlan Hasznosítási es Fejlesztesi : BIF Corporate Governance Report 2024

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[{"type":"text","content":"\n Corporate Governance Report of the 2024 business year of Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt.\n \n \n Corporate Governance Report\n \n \n of Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt.\n concerning business year 2024\n \n \n \n Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt. (hereinafter: the Company) reports in this Corporate Governance Report regarding its corporate governance practices in a transparent manner. The textual part of the Corporate Governance Report presents the Corporate Governance Practice in accordance with the criteria set out in the Corporate Governance Recommendations. The Corporate Governance Statement and Report attached to the textual part cover the cases where the Company's practice differs from the recommendations contained in the Corporate Governance Recommendations. The reasons for the different practices are specified in the Report and the Statement.\n A brief introduction to the functioning of the Board of Directors, presentation of division of responsibilities and tasks between the Board of Directors and the Management.\n \n \n \n The Board of Directors\n \n \n The Company operates in a unified control system, the Board of Directors performs the duties of the Governing Board and the Supervisory Board.\n \n \n \n The Board of Directors is the management body of the Company, represents the Company before courts and other authorities, and towards third parties. The Board of Directors established the rules of its operation and operated according to its Rules of Procedure. The majority of the members of the Board of Directors is independent.\n \n \n The Board of Directors performs its activities as a body. It designates the issues necessary to be scheduled for discussion at its meeting from the issues in its jurisdiction, appoints the Board of Directors and/or management member responsible for the preparation of the issue, discusses the issue presented at the meeting of the Board of Directors, passes a resolution in that regard, and has its execution checked. The Board of Directors determines the date of its regular sessions and the expected schedules to the necessary extent between the periods of the yearly balance closing general meetings.\n \n \n \n The Board of Directors is responsible for resolving on matters outside the exclusive competence of the General meeting, ...

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