EnglishAurel Beşliu and Turnover ABC, two minority shareholders of "Cocor" Bucureşti (COCR), a company which owns the eponymous retail complex in the center of Bucharest, are requesting the revocation of the Board of Directors and the appointment of new directors using cumulative voting.
The two shareholders have requested the summoning of the general shareholder meeting on February 21st, in order to submit to the approval of the general shareholder meeting the action concerning liability, compensation and recovery of losses against the management company "Staar Rating", through Dan Bărbulescu, for the losses it caused to Cocor in elaborating and implementing the budget, as well as for failing to meet the budget objectives for the year 2010 and for the raise of the interest rates on the company"s loans.
Other items on the agenda include deciding on the compensation packages for the directors of the company, proposals to cut the cost of maintenance and service contracts by 30%, the dismantling of the company"s car fleet, as well as specifying the rent from the "Cocor" retail complex during the month of October 2010 and of the rent per square meter, according to an announcement sent yesterday to the Bucharest Stock Exchange.
The Board of Directors, which was elected in the month of April, includes Constantin Bălan, Cristina Oprea, Mărioara Mema and the companies Quality Concept Management, Popescu Management, Staar Rating and Turnover ABC.
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