The new law reduces the power ofs
The new law reduces the power of local councils in the boxes
. Consell full of plans to adopt the reform bill Autonomic Savings. The Valencian Executive adapt as the legal text that regulates the financial activities of the new state regulations. The spirit of the law happens to depoliticize the most of the organs of government financial institutions, as well as cutting the time limits stipulated in the mandates.
Regarding the first case, the amended Article 24, so that, buy wow golds, the representation of the Public Administrations and entities and corporations of public law in the organs of the boxes do not exceed the overall 40% of the voting rights of those organs. Current law fixed the percentage at fifty per cent.
According to ABC has been told, the representation of the Government in the General Assembly of the boxes were kept at 25%. In contrast,, wow gold, local corporations lose weight and remain at 15%, ten points behind. Depositors, on the contrary increased its participation to 38%. -12% Employees - and the persons or entities founding -5% - maintain representation. The new rule also includes a new group called other representatives of collective interests, which contarn with a stake of five percent.
The reform also includes the cuoatapartcipes suppose to fix, mortal gold, the limit of the representation of the Public Administrations.
The Valencian Community runny add regions today than in recent weeks have approved the modification of the legislation, which has generated widespread revulsion among the unions.
Scenario indito
The new law also sets the legal framework Valencia to stage emerged in the financial sector arising from the different fusion processes. In the case of Valencia, the only savings bank that has not addressed a integracin is Caixa Ontinyent. Bancaja and CAM are now part of two separate banks.