The Energy Department owns 70% in Romgaz, while Fondul Proprietatea holds a 10.01% stake.
The two shareholders recommended board members receive an additional variable remuneration according to the market evolution of the company’s shares, Romgaz said in a stock exchange filling Tuesday.
They also called on the other shareholders to mandate the board of directors “to implement a system of variable remuneration of Romgaz management according to the company’s share performance.”
The proposals will be discussed at a shareholder meeting due July 30.
Romgaz’s shares are listed in Bucharest and in London.
At around 4:00 pm Tuesday, Romgaz traded down 0.27% at RON33.5 a share in Bucharest. (EUR1=RON4.4175)