Management and professional service

The management directs IPF, k.o. business operations independently and at its own liability. The management represents IPF, k.o. and acts on its behalf. It is represented by the director, who is also IPF, k.o.'s legal representative.

The management is represented by the IPF, k.o. director.

Director:

VILJEM MARJAN HRIBAR           director 

Director:

General Assembly

The general assembly of members consists of all IPF, k.o. members. They are classified into two categories according to the type of rights they hold:

• the performers’ rights holders
• the phonogram producers’ rights holders

The general assembly of members decides on:

• the adoption of the statute and any amendment thereto;
• the appointment or dismissal of or remuneration and other pecuniary and non-pecuniary benefits accorded to members of the supervisory board;
• the rules on the distribution of collected rights revenue due to rights holders;
• the rules on the use of undistributed amounts of rights revenue;
• the rules on the investment policy with regard to rights revenue investment in bank deposits and the use of resulting income;
• the rules on operating costs;
• the use of undistributed rights revenue;
• the rules on dedicated funds;
• the approval of mergers, the setting-up of subsidiaries and the acquisition of shares in an outsourced service provider;
• the appointment of auditors;
• the adoption of the annual report;
• the approval of a contract with an outsourced service provider and any amendments thereto;
• the approval of the financing plan; and other issues referred to in the last indent of Article 25(1) of ZKUASP.

The performers’ rights holders have an exclusive authority and independent powers to decide on:

• the appointment of three supervisory board members;
• the rules on the distribution of collected rights revenue due to the performers’ rights holders;
• the rules on the use of undistributed amounts of rights revenue due to the performers’ rights holders;
• the use of undistributed performers’ rights revenue;
• the rules on the performers’ dedicated funds;
• other issues concerning solely the category of the performers’ rights holders.

The phonogram producers’ rights holders have an exclusive authority and independent powers to decide on:

• the appointment of three supervisory board members;
• the rules on the distribution of collected rights revenue due to the phonogram producers’ rights holders;
• the rules on the use of undistributed amounts of rights revenue due to the phonogram producers’ rights holders;
• the use of undistributed phonogram producers’ rights revenue;
• the rules on the phonogram producers’ dedicated funds;
• other issues concerning solely the category of the phonogram producers’ rights holders.

General Assembly:

Supervisory board

The supervisory board consists of 3 members from each category of rights holders with the renewable term of office of 4 years. Persons may be appointed members of the supervisory board only if they meet the requirements for the management or supervisory body membership prescribed by the Companies Act.

In performing their tasks, the supervisory board members act with due diligence of good business practice and for the benefit of IPF, k.o., its members and the rights holders whose rights are collectively managed.

In addition to the tasks set out in article 27 of ZKUASP the supervisory board also:

• appoints a director;
• decides on the rules of risk management;
• decides on the approval of any acquisition, sale or hypothecation of immovable property;
• decides on the approval of taking out loans or providing security for loans;
• decides on the approval of a proposed tariff or the conclusion of a common agreement, defining the tariff;
• decides on the approval of adopting resolutions at the general meeting of another collective management organisation of which IPF, k.o. is a member;
• gives its consent to the management to complete transactions in the amount above 15,000 € per year as a part of the IPF, k.o. operating costs.

The provision of the last indent does not refer to concluding agreements with foreign collective management organisations.

Supervisory board: