* SAI Muntenia wants to change its Board of Directors, a move which could extend the battle with the Council of the Shareholders' Representatives ( Council of the Shareholders' Representatives)
* The Council of the Shareholders' Representatives: The manager of the company is involved in a conflict of interest
For the time being at least, SAI Muntenia Invest did not respond to the request of the new representatives of the Board of Directors to summon the General Shareholder Meeting, in order to cancel the administration contract, but instead it has summoned its own shareholders to a meeting, including on the agenda the election of the members of the Board of Directors and the appointment of the representative of shareholders for the signing of the asset management contracts.
Petre Pavel Szel, the president of SAI Muntenia Invest, told us that the General Shareholder Meeting was summoned because the term of the current Board of Directors was coming to an end.
Even so, the call to attend the General Shareholder Meeting seems opportune for SAI Muntenia, because it could postpone honoring the request of the Council of the Shareholders' Representatives. A new management team could represent an argument for shareholders that SAI Muntenia Invest can continue to manage SIF4 Muntenia.
From the very beginning, the new Council of the Shareholders' Representatives has shown hostility to the managers of SIF4, which come from SAI Muntenia Invest, especially against executive director Gabriel Filimon.
In theory, the replacement of the Board of Directors of SAI Muntenia would not be a cause for concern for Gabriel Filimon, because he is an executive director, but judging by how the hostilities have gone so far, it is hard to believe that his opponents would let it go easily.
The future General Shareholder Meeting at SAI Muntenia Invest, sched
