The new CEO was appointed by a Board who was not authorized to appoint and, in addition, made a poor selection process in which other shortlisted candidates were not interviewed for this position.
Read the entire article in Romanian, here.
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Franklin Templeton Investment Management Limited UK Bucharest Branch, as Sole Administrator and Fund Manager of SC Property Fund S.A. (The "Fund") believes that the appointment of a new CEO in Oltenia Energy Complex ("CE Oltenia") severely violate the provisions of the Government Emergency Ordinance no. 109/2011 ("GEO 109/2011") regarding corporate governance of public companies
The new CEO was appointed by a Board who was not authorized to appoint and, in addition, made a poor selection process in which other shortlisted candidates were not interviewed for this position.
Read the entire article in Romanian, here.
