Minutes of the board of directors of Brightwater Analytics Ltd
Date: 14 October 2026
Time: 10:00 to 11:45
Place: Head office, Meeting room 2, and by video
Chair: Nadia Petrova
Minutes taken by: Owen Clarke, Company secretary
1. Attendance
Directors present: Nadia Petrova, Samuel Adeyemi, Chen Wei
In attendance: Owen Clarke (secretary), Hannah Berg (Finance Director, for item 3)
Apologies: Maria Costa
2. Quorum
Three directors present; the quorum is two. The chair declared the meeting open.
3. Conflicts of interest
Chen Wei declared an interest in item 5 and left the room for the vote.
The directors were asked to declare any interest in the items on the agenda.
4. Previous minutes
The minutes of the meeting of 9 September 2026 were approved and signed.
5. Reports
CEO: sales are 8 percent above plan.
Finance Director: cash at EUR 1.2 million, no change to the forecast.
6. Resolutions
1. Approved the 2027 budget of EUR 4.8 million (for 3, against 0, abstain 0).
2. Appointed Hannah Berg as bank signatory (for 2, against 0, abstain 1).
7. Actions
Hannah Berg to send the signed budget to the bank by 30 October.
Owen Clarke to update the register of directors.
Any other business: None.
8. Next meeting
11 December 2026, 10:00, head office
There being no further business, the chair closed the meeting.
Chair: ______________ Date: ______________
Secretary: ______________ Date: ______________