Inside caixa They tend to speak in public only in very specific situations and when they believe they need to clarify an issue. It did so when it announced a partial takeover offer for Australian fund IFM. improvisation. And with the possible restoration of a figure CEO or similar It was again in energy that they became the first shareholder through Criteria.
This investment branch of the organization he headed isidre faine like the controlling base Caixabankcame out to defend the head of the energy company, Francisco Reynes. in his statement, “reaffirms its confidence in the management team of the company led by its president, Francisco Reynés.and will support his proposals to help the company face the key challenges it faces in the years to come.”
They want to make it clear from the La Caixa community that acknowledging the recovery of the CEO figure, who ceased to exist when Reynés became president in 2018, due to good corporate governance does not mean that they do not support the president. They also imply that they do not advocate leaving power to a second ruler. “This is what they want to clarify,” according to market sources. With this, they plan to dispel any argument that Reynés may have lost the trust of the original shareholder.
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In this context, tomorrow Board of Directors Naturgy, where the recovery of the CEO figure can be discussed “or any other position that complies with those set out in the company’s charter”, according to referenced sources. A figure like the CEO was not overlooked.
Who is by the pools Ignacio Gutierrez-Orrantia He has been head of Citigroup’s investment banking division Europe, Middle East and Africa since May 2021. Offer is part of mutual funds initiative CVC, GIP and IFM It has in principle the approval of the main shareholder, Criteria Caixa, as it is one of the recommendations of the National Securities Market Commission (CNMV) Good Governance Act, which holds close to 55% of the capital. By international standards, the existence of a CEO with functions other than the duties of the president is understood as a counterweight to prevent the concentration of power in a single person.