Yandex executives will retain the management of the company and the right to make important decisions after the agreement to sell the Yandex business to the Dutch company Yandex NV is signed. Press release companies.
It was announced that a “Manager Fund” was created for this purpose. It will have special rights and veto rights when making important decisions at the Board of Directors and general assembly meetings.
“These issues include significant reorganization of the group, approval of the budget, approval of major transactions and changes to the Charter,” the release said.
The “Directors Fund” will be able to nominate two out of ten members of the future Board of Directors of the Yandex International Autonomous Okrug.
It is emphasized that normal management processes will continue at Yandex. Additionally, the new structure promises to provide the company’s investors, partners, users and employees with “confidence in the future and sustainability of the company’s business.”
Yandex Company Sold Your business in Russia is worth 475 billion rubles. Consortium of private investors and managers.
It had previously offered a Yandex-branded electric bike.