PPC intends to reduce worker representatives on board

Power utility PPC has called an extraordinary general shareholders’ meeting for March 17 to make revisions to its corporate statute whose resulting changes are intended to include a reduction of the number of worker representatives on the company board from two, at present, to one.

In its announcement to shareholders, PPC’s administration noted that new companies that have emerged through the parent company, namely the distribution network operator DEDDIE/HEDNO and power grid operator IPTO, have one worker representative on their respective boards.