Shareholders will convene on October 28.
The Supervisory Board will have seven members (private individuals), elected by the General Assembly of Shareholders for a four-year term which becomes effective upon approval from the Financial Supervisory Authority (ASF).
The members of the Supervisory Board can be reelected only once and cannot be members of the Executive Board or employees of the Bucharest Stock Exchange.
The Supervisory Board supervises the activity of the Directorate and checks whether the latter observes the legal provisions (including the relevant regulations regarding the capital market), the bylaws and the decisions of the General Assembly of Shareholders with respect to the company’s management operations. The Board also appoints and revokes the Chairman of the Directorate, the other members of the Directorate and establishes their remuneration within the limit approved by the Ordinary General Assembly of Shareholders.
Moreover, the Supervisory Board ought to approve the general development strategy of the Bucharest Stock Market and its budget draft which will be subsequently subject to approval by the General Assembly of Shareholders.
The Bucharest Stock Market is currently run by its Executive Board headed by Chairman Lucian Anghel. Ludwik Sobolewski is the company’s Chief Executive Officer and Anca-Theodora Dumitru and Marius-Alin Barbu are deputy general managers.