Committees

There are two olityermanent Supervisory Board committees, whose role is to provide advice to the Supervisory Board: Remuneration Committee and Audit Committee.

 

Audit Committee

Jacek GrzywaczPresident of the Audit Committee
Piotr SzczepiórkowskiMember of the Audit Committee
Grzegorz WilińskiMember of the Audit Committee

 

The Audit Committee is responsible in particular for:

  • monitoring the financial reporting process
  • monitoring the effectiveness of the internal control, internal audit and risk management systems
  • monitoring the financial oversight functions
  • monitoring the independence of the auditor
  • recommending an auditor to the Supervisory Board.

 

Independence criteria

The Members of the Audit Committee that meet the independence criteria in line with art. 129 sec. 3 of the Act of 11 May 2017 on statutory auditors, audit firms and public oversight (Journal of Laws No. 1089) are the President of the Audit Committee Mr. Jacek Grzywacz, the Member of Audit Committee Mr. Piotr Szczepiórkowski and the Member of Audit Committee Ms. Hanna Mazurkiewicz.

The Members of the Audit Committee that meet the independence criteria in line with Appendix 2 to the European Commission Recommendation of 15 February 2005 on the role of non-executive or supervisory directors of listed companies and on the committees of the (supervisory) board (2005/162/EC) are the President of the Audit Committee Mr. Jacek Grzywacz, the Member of Audit Committee Piotr Szczepiórkowski and the Member of Audit Committee Ms. Hanna Mazurkiewicz.

The members of the Audit Committee have the qualifications and experience in the field of financial terms and the industry in which the Issuer operates.

Remuneration Committee

VacatPresident of the Remuneration Committee
Roman NowakMember of the Remuneration Committee
VacatMember of the Remuneration Committee

 

The Remuneration Committee is responsible in particular for:

  • creating draft agreements where new Management Board members are hired
  • tracking delivery of the Management Board’s remuneration system in accordance with the Management Board Remuneration Regulations
  • recommending bonus payments to the Management Board
  • monitoring the payment of other contractual benefits to the Management Board members.