WARSAW: Poland’s Treasury wants to strengthen the role of supervisory board at the country’s top bank by assets PKO BP, draft resolutions proposing changes to bank’s bylaws show.
The intention of changes proposed is “to strengthen the role of the supervisory board,” the Treasury wrote in the rationale to the draft resolutions. Among changes proposed, deputy CEOs and other management board members will no longer be appointed at the motion of the CEO.
Also, the Treasury wants the supervisory board to be able to dismiss a given management board member “at any time.” Currently, the bylaws indicate that a management board member can be dismissed “only for important reasons.” The draft resolutions are to be voted during the GM scheduled for June 25. The Treasury holds a 31.39% stake in PKO BP.
