The PZU Board of Directors informed that an extraordinary general meeting of shareholders will be held on February 15, 2024. The stock exchange announcement also included the agenda of the scheduled meeting, one of which included changes in the composition of the Supervisory Board.
According to the articles of association of the largest Polish insurance company, the Supervisory Board of PZU consists of seven to 11 members. Given the circumstances, it can be assumed that this is a prelude to replacing the company's board of directors.
PZU is another state-owned company that recently announced a general meeting to change the supervisory board. Previously, this was done through, among others: the stock exchange, KGHM or Orlen.
Evaluating changes in state-owned enterprises
Below is a schedule of other planned general meetings of shareholders of state-owned enterprises, at which personnel decisions are expected to be made:
- January 30 – Enya;
- January 31 – PGE;
- February 2 – Peacekeeping Operation (PKO)More on this topic in this article);
- February 5 – Wall Street Journal;
- February 6 – BKN Orlen;
- February 13 – KGHM;
- February 15 – PZU.
Separating companies controlled by the state treasury from parties was one of the main demands of the opposition before the elections. The Civic Coalition even included him in its program and announced that within 100 days of assuming power, all members of the supervisory and administrative boards of companies contributing to the state treasury would be dismissed.
The State Treasury owns shares in more than 400 entities. The ministry, headed by Boris Budka, oversees 135 companies, many of the largest of which are listed on the stock exchange. A few days before the end of the year, the Ministry of State Assets sent letters to state agencies requesting that general shareholders’ assemblies be held. This was an essential step in replacing members of the supervisory boards and subsequent management boards.
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