Corporate Governance Rules

Alro is committed to achieving high standards of corporate governance. We believe that good corporate governance ensures clarity of roles between shareholders, the Board of Directors and management. Providing a clear framework based on robust principles helps to maximize shareholder value in the long term.

In August 2007, the group adopted new corporate governance rules as part of its ongoing efforts to fully comply with Romanian requirements in real time.
 

Internal Audit

The internal audit supervises the company’s administration, to verify that its financial statements have been legally drawn up and are in accordance with the accounts. The audit must also ensure that accounts are regularly kept and that the assessment of the patrimony elements has been made in accordance with the rules established for the drawing up and presentation of the financial statements.

 

Remuneration of the Board Members and Managers

The remuneration of the Board members and Managers fully observes the stipulations of Law 31/1990 (Romanian Companies Law), being transparent and fully under the control of the shareholders.

 

Romanian Companies Law

Alro S.A. is in compliance with the Romanian Companies Law, Romanian Securities Law, Bucharest Stock Exchange Code and National Securities Committee regulations.  

 

Model Code

Alro adopted corporate governance rules in accordance with Bucharest Stock Exchange Corporate Governance Code (adopted by the Stock Exchange in 2009).
 

Bylaws

Articles of incorporation of the commercial company ALRO S.A. 27th of June, 2017

 

Procedures

 ALRO BoD Regulation conflict of interests related parties transactions info circuit
 Procedures on shareholders' rights and organization of ALRO SGM
 Regulation for corporate governance ALRO final