Romanian economy minister wants incumbent boards of SOEs to be removed as part of planned reforms

Romanian economy minister Radu Miruta (USR) expressed discontent with the draft amendments to the law 109/2011 on the corporate governance in state owned enterprises (SOEs) published by the General Secretariat of the Government (SGG) and said that he already sent his ministry’s view implying that he was not consulted by the prime minister when drafting the document – an important part of the second package of fiscal and budgetary reforms expected to be legislated next week.

Minister Miruta wants the new regulations, namely a smaller number of board members and lower bonuses, to be enforced for all companies, not only those where the boards have to be replaced in the future, according to Economedia.ro.