The corporate governance is consistent with the law and aims to ensure transparency of the activities of TeraPlast so that all shareholders and potential investors have equally access to information about the company.

The company's corporate bodies are structured as follows: General Meeting of Shareholders, which is the highest decision-making forum of the Company, Board of Directors and Executive Management. TeraPlast is a company administered under a unitary system, by the Board of Directors.

General Meeting of Shareholders (GMS) is the governing body which decides on TeraPlast activity and ensures its economic and commercial policy. GMS can be Ordinary or Extraordinary and takes place in residence town of the Company.

Managing Board  members were elected at the proposal of TeraPlast`s significant shareholders. TeraPlast`s Board of Directors consists of five members, namely:

Dorel Goia – Chairman of the Board of Directors

Year of Birth: 1954

In office: June 2008 – present

A graduate of UBB Cluj’s Faculty of History and Philosophy, former history teacher and businessman as of 1990, Mr. Dorel Goia is TeraPlast’s majority shareholder and has occupied the position of Chairman of the Board of Directors since 2008. Additionally, Mr. Goia is also a member of the Board of Directors for the following companies: TeraSteel SA (part of the TeraPlast Group), ACI Cluj SA, Parc SA and Hermes SA.

Răzvan Lefter, CFA – Non-Executive Director

Year of Birth: 1980

In office: October 2014 - present

Răzvan Lefter has been a member of TeraPlast’s Board of Directors since 2014, representing KJK Capital. Mr. Lefter is managing partner of RSL Capital Advisors, as well as Board Member for Sphera Frachise Group (Romania), Mundus Services (Bulgaria) and Eurohold (Bulgaria). Previously, Mr. Lefter has occupied the position of administrator for various other Romanian companies listed on the stock exchange, while also activating in fields such as banking or investments, both in Romania and abroad. Additionally, Mr. Lefter is a CFA Charterholder, honour awarded to him by the CFA Institute (US).

Magda Palfi – Non-Executive Director

Year of birth: 1967

In office: June 2008 – present

Magda Palfi has over 29 years of experience in the field of banking, having worked for five different Romanian banks. Presently, she is the Director of the Corporate Regional Center for Raiffeisen Bank Cluj Napoca (NW region).

Livi Ciupe – Non-Executive Independent Director

Year of birth: 1962

In office: September 2019

In his first term as a member of TeraPlast’s Board of Directors, Liviu Ciupe comes with over 30 years of experience in the industrial sector. Over time, Mr. Ciupe has held different administrative positions, and is presently President and Administrator for Rematinvest SRL, as well as a member on the Boards of Directors of the various companies in the Rematinvest Group.

Alexandru Stânean – Executive Director

Year of Birth: 1982

In office: July 2018 – present

Alexandru Stânean joined the TeraPlast Team in 2007, occupying, over time, different positions within the TeraPlast Group, such as Deputy General Manager, Director of Operations, in charge of external development. In 2008, he was part of the team responsible for TeraPlast’s IPO. Currently, Mr. Stânean is Chief Executive Officer of TeraPlast, in his second term.

At present, 1 of the 5 Directors of the Board is Independent.

The Managing Board delegates management responsibilities to one or more directors. Currently TeraPlast`s Executive Management is ensured by

Ioana Birta – Chief Financial Officer

Year of birth: 1983

In office: June 2017 – present

Ioana Birta has more than 10 years of experience within Big 4. She is a member of the ACCA (Association of Chartered Certified Accountants) and CAFR (Romanian Chamber of Financial Auditors).

Alexandru Stânean – Chief Executive Officer

Year of Birth: 1982

In office: July 2018 – present

Alexandru Stânean joined the TeraPlast Team in 2007, occupying, over time, different positions within the TeraPlast Group, such as Deputy General Manager, Director of Operations, in charge of external development. In 2008, he was part of the team responsible for TeraPlast’s IPO. Currently, Mr. Stânean is Chief Executive Officer of TeraPlast, in his second term.

The company's only committee is the Audit Committee which is currently in the process of being approved by the Board of Directors.

Executive Management CV

Corporate governance documents

Corporate Governance Statutes

TeraPlast Remuneration policy

Act Constitutiv Teraplast Actualizat nr. 53 Engleza - actualizat la 26.09.2019