The board of directors for AGA Impact Developer & Contractor Bucuresti has been granted permission to sell company assets without seeking shareholder approval first, even if a sale’s transactional value exceeds 20 percent. Shareholders recently approved this request. The board has one year to complete sales under this arrangement and needs three out of five board votes before any sale can close. One of the three votes must come from the president of the company, Dan Ioan Popp.
