Corporate Governance

The Intercommunity Development Association for Public Transport Bucharest – Ilfov (TPBI) has the status of supervisory public authority pursuant to the provisions of art. 2 point 3 letter c of the Government Emergency Ordinance no. 109 regarding corporate governance of public enterprises, with subsequent amendments and completions, according to which “The supervisory public authority, within the meaning of this emergency ordinance, also includes the intercommunity development association, as defined by the provisions of art. 5 letter i) of Government Emergency Ordinance no. 57/2019 regarding the Administrative Code, with subsequent amendments and completions.” Pursuant to the provisions of art. 5 letter i) of GEO no. 57/2019 regarding the Administrative Code, with subsequent amendments and completions, intercommunity development associations are “cooperation structures with legal personality, of private law and public utility, established, under the law, by administrative-territorial units for the joint implementation of development projects of zonal or regional interest or for the joint provision of public services.”

Thus, TPBI, as a supervisory public authority, will adopt the measures listed below, but not limited to them:

  • will initiate the launch of the selection procedure of the administrators by notifying the Board of Directors of the operators in order to convene the General Meeting of Shareholders for the approval of the launch of the selection procedure of the members of the Board of Directors of the operators, according to GEO no. 109/2011 regarding corporate governance of public enterprises, with subsequent amendments and completions;

  • will conduct the selection procedure of the administrators according to GEO no. 109/2011 regarding corporate governance of public enterprises, with subsequent amendments and completions, and GD no. 639/2023 for the approval of the application rules of GEO no. 109/2011;

  • will draft the letter of expectations and will organize consultations with the company’s shareholders by publishing the letter of expectations on the website, as an integral part of the initial component of the selection plan, for the purpose of its finalization;

  • will consult the shareholders regarding the draft of the initial component of the selection plan;

  • will consult the shareholders regarding the draft of the Board of Directors Profile, as well as the draft of the candidate profile;

  • will consult the shareholders regarding the draft of the full component of the selection plan;

  • will notify the Board of Directors to convene the General Meeting of Shareholders within a maximum of 10 days from the communication of the final report for the appointment of the members of the Board of Directors.