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Under-pressure care home firm Orpea proposes board shake-up

Business 11:06 04 Jul, 2022

Orpea said shareholders at its annual general meeting would be asked to appoint five new directors for a four-year term

Under-pressure care home firm Orpea proposes board shake-up

Orpea's under pressure over its business practices and the way it runs its homes, on Sunday announced proposals to shake up its board of directors to improve governance, Qazet.az reports according to information from company.

Orpea said shareholders at its annual general meeting would be asked to appoint five new directors for a four-year term, four of whom will be independent. One of those four is Guillaume Pepy, chairman of Initiative France and former chairman and chief executive of the state railway firm SNCF.