Sunday, January 1, 2017

After all Domingues refusal to stay in the Box until the arrival of Macedo – Jornal de Negócios – Portugal

António Domingues rejects to extend its mandate to the front of the Caixa Geral de Depósitos (CGD) by the end of January, having informed the Finance minister that on Friday, December 30, at the end of the day, know the Business.

The postponement of the output acautelava the delay in the entry of Paulo Macedo for the public bank, which is still waiting for the nod of Frankfurt. Until the appointment of the new team, the current management of the Box will be ensured by the four directors who remain on the bench, which may not, however, make decisions that require the ok of the board of directors.

In refusal sent to the minister Mário Centeno, the leader of the Box, who resigned the 25th of November, said that it was not possible to ensure the legal conditions to accept the extension of the mandate by one month compared to the end of December – the date that would end functions.

The answer is a volte-face in relation to the information provided by the official source of Finance that, on the afternoon of Friday said the Business that Domingues and the rest of the team had agreed to postpone their exit from the Bank.

This advance was essential to allow for you to keep a board of directors in full functions until you get the new administration led by Marcus. On the 19th of December, the European Central Bank (ECB) already had in its possession the new names to parse, but the holidays of Christmas and New Year froze the decision, which is only expected after 10 January.

Without the team Domingues in the bank, the Finances come with the four managers that are still part of the board of directors to ensure the day to day management of public bank. They are Rui Vilar, John Guardianship Martins, James Ravara Marques and Pedro Leitão.

These managers can ensure the measures that must be taken in the day-to-day management of the bank, but may not make decisions that require a resolution of the Board of Directors. This scenario may lead the ECB to take decisions more quickly.

LikeTweet

No comments:

Post a Comment