Board of Directors
The Administrator's position of Mr. Gabriel Vasile has remained vacant by resignation and it will be taken up as soon as possible by naming a provisional member by the Board of Administration until the next General Assembly of Shareholders, when a new Administrator will be established.
Four of the current Board of Directors members, Iuliana Mihaela Urda, Ruxandra Alina Scarlat, Daniel Pandele and Laviniu Dumitru Beze, were elected by the General Assembly of Shareholders starting with April 2017 for a four-year mandate until April 2021. Mr. Gabriel Vasile is mandated until September 2017.
The act underlying the establishment of the Company (the Company’s Article of Incorporation) contains provisions regulating the organisation, functioning and development of the Company’s business.
Details about the reports issued and submitted to the Bucharest Stock Exchange (BSE) and the Financial Supervision Authority (FSA).
Regularly, the General Assembly of Shareholders (GAS) communicates stakeholders the major decision taken during its working meetings, as well as significant financial reports.
It is a declaration of compliance or non-compliance with the provisions of the Code of Corporate Governance, containing information on the CGS’s recommendations effectively applied by the Company and the manner of such application. The declaration is prepared in the format established by the BSE.