We are convinced that good corporate governance enhances the confidence placed in our company by our shareholders, business partners, employees and the financial markets.
IMPACT’s corporate culture is characterized by clear responsibility, mutual respect, and trust. Lawful conduct, fair competition, and respect for human rights are integral to our business activities and an important condition for securing the long-term success of our company.
In accordance with the laws in force and with the Articles of Incorporation of the Company, the Annual General Meeting is the top management and decision-making body of the Company, deciding on the running of the Company’s business. The Company is administrated considering the unitary administration system by a Board of Directors formed of 5 (five) administrators.
The Board of Directors will fulfil all the necessary and efficient operations in order for the object of activity of the Company to be accomplished, except for the cases where such operations are ope legis subject to the General Meeting of the Shareholders’ competence or to the Manager’s competence. The Board of Directors delegates the management competences of the Company within the limits and with the observance of the conditions set by the present Articles of Incorporation.
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Find more details about our Board Committees:
MEMBERS
Chairman of the Committee: DANIEL PANDELE, independent administrator
Member: IULIANA MIHAELA URDA, Chairman of the BoD
Member: RUXANDRA ALINA SCARLAT, independent administrator
The Remuneration Committee is a subordinate body to the Board of Directors, established in order to issue qualified and independent opinions on the nomination policies and practices and to fulfil the duties assigned by the Board of Directors on this segment of activity. The Committee analyses and ensures that the general principles and remuneration policy are in compliance with the Company’s long-term business strategy, objectives, values and interests.
For more details, please read:
MEMBERS:
Chairman of the Committee: DANIEL PANDELE, independent administrator
Member: RUXANDRA ALINA SCARLAT, independent administrator
Member: IULIANA MIHAELA URDA, Chairman of the BoD
The Nomination Committee is a subordinate body to the Board of Directors, established in order to issue qualified and independent opinions on the nomination policies and practices and to fulfil the duties assigned by the Board of Directors on this segment of activity. The Committee analyses and ensures that the general principles and nomination policy are in compliance with the Company’s long-term business strategy, objectives, values and interests.
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REGULATION OF THE NOMINATION COMMITTEE
MEMBERS:
Chairman of the Committee: INTREPID GEM SRL, independent administrator
Member: IULIANA MIHAELA URDA, Chairman of the BoD
Member: LAVINIU BEZE, independent administrator
The Board of Directors will totally or partially delegate the management competences of the Company to one or more of its managers, appointing one of them as a General Manager. The fields in which the managers are appointed, the working method and their attributions are decided upon through a decision issued by the Board of Directors. The managers are liable in respect to the measures taken for the management of the Company, within the limits of the object of activity and with the observance of the exclusive competences of the Board of Directors and of the General Meeting of the Shareholders, as provided by the law or by the Articles of Incorporation.
