The first meeting of the Board of the BSE, one month after the elections

The first meeting of the new Board of Directors of the Bucharest Stock Exchange was scheduled for Thursday, February 9th, one month after the General Shareholder Meeting when the elections were held (ed. note: January 9th). At the end of last month, the mandates of the members of the Board were approved by the CNVM.

The management of the BSE will begin by discussing organizational matters, but market sources said that the agenda is full.

The new Board of Directors must elect two vice-presidents and determine the procedure for appointing a new general manager of the BSE for a four year term.

The most plausible of the rumors making the rounds in the market is that the new board will resort to a "head-hunting" firm and will launch a contest for the position.

Prior to the first official session, the management of the Bucharest Stock Exchange, the management of the Bucharest Stock Exchange last week met officials of the mission of the IMF, the World Bank and of the European Commission. During this meeting talks were held on topics such as the regulatory framework, the development of the market's architecture, the process of IPOs.

The new Board of Directors of the BSE consists of Lucian Anghel, the chief-economist of BCR as Chairman, Stere Farmache, former chairman, Dan Paul, the president of the Association of Brokers, Adrian Lupşan, deputy manager of "Intercapital Invest", Narcisa Oprea, partner at law firm "Schoenherr", Valerian Ionescu, the head of trading and sales of financial instruments tradable on regulated markets of BCR, Octavian Molnar, the deputy general manager of IFB Finwest, Schroll Matjaz, executive manager of "Templeton Global Investment Trust", Robert Cosmin Pană, legal advisor of Swiss Capital.