Investors put pressure on Orpea

by time news

INFO LE FIGARO – In a letter to its CEO, Philippe Charrier, they demand a total renewal of the board of directors.

Investors are raising their voices against Orpea. In an open letter to its CEO, Philippe Charrier, fourteen of them (Sycomore AM, Groupama AM, Edmond de Rothschild, Harmonie Mutuelle, etc.) ask its chairman for a “in-depth reform of the group’s governance and culture, a prerequisite for improving its social performance and for rebuilding trust in the sector as a whole“. They call in particular for a renewal of the entire board of directors while only four new directors must be presented to the shareholders.

«We regret that to date we have not been able to restore a satisfactory dialogue with the group’s management, write the fourteen signatories, past or present shareholders of Orpea. We nevertheless intend to take part in the debate which is opening with the general meetings organized by Orpea and allow any stakeholder who shares our expectations to take up the matter.In reaction to the letter, Orpea indicated “be…

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