- Vesna Bracanović re-elected as the Chairwoman of Board of Directors
The Ninth Ordinary Shareholders’ Assembly of Crnogorski elektroprenosni sistem AD Podgorica was held on 26 June in Podgorica, in which shareholders unanimously adopted the Operating Statement of CGES for last year, financial statements with the independent auditor’s report, as well as the Decision on amendments to the Company's By-Laws.
Regarding the Decision on distribution of net profit of CGES for 2017, which amounts to €4.7 million, it was anonymously decided to accumulate with the undistributed profit from previous years.
The Shareholders’ Assembly confirmed the readiness of the Company for the loan indebtedness from which the construction of electric power infrastructure for the Lu-šti¬ca project will be financed.
KMPG was selected unanimously as CGES auditor for 2018.
Afterwards during the Assembly, the shareholders released, and then selected new members of CGES Board of Directors. The Government’s capital, in addition to Vesna Bracanović, will represent Zoran Rakočević, Tamara Ivković and Zoran Miljanić, whose mandates were renewed. Terna also appointed two representatives, Giovanni Cerchiarini and Carlo Crea, previous members of CGES Board of Directors, while Jelena Matejić will represent Elek¬tro¬mre¬ža Sr¬bi¬je also next year.
On the same day in Podgorica, the constitutive meeting of CGES Board of Directors was held. Vesna Bracanović, BEcon, was elected as Chairwoman of the Board of Directors, while Giovanni Cerchiarini was elected as Vice Chairman of this authority.