Krakchemia S.A

Declaration of corporate governance implementation by KRAKCHEMIA S.A. in 2017 in pdf

In accordance with § 29 para. 5 of the Stock Exchange Regulations and the Resolution No 1013/2007 of the GWP S.A. Board of December 11, 2007 Krakchemia S.A. Board puts forward a Statement on the Application of the Corporate Order in Krakchemia S.A. This statement constitutes an attachment to Krakchemia S.A. Yearly Report.

KRAKCHEMIA S.A. Supervisory Board Report for the year 2017

Information acknowledged by the Board on the basis of Members of the Supervisory Board statement on the liaisons of the member with a shareholder possessing the shares representing at least 5% of the general number of votes at the General Shareholders Meeting.

1. Jerzy Mazgaj - Supervisory Board Chairperson

2. Barbara Mazgaj - Supervisory Board Deputy Chairperson

4. Władysław Kardasiński - Secretary of the Supervisory Board

3. Katarzyna Siedlecka-Hajbos - Member of the Supervisory Board
Katarzyna Siedlecka-Hajbos does not uphold any kind of personal, factual, or organizational contact with any Krakchemia S.A. shareholder.

5. Marek Frydrych - Member of the Supervisory Board
Marek Frydrych does not uphold any kind of personal, factual, or organizational contact with any Krakchemia S.A. shareholder.


The policy of Variety

The Company informs it has not compiled a formal document incorporating the description of the Company policy of variety regarding the Company authorities and its key managers that was adopted, which would take into consideration such elements of the policy of variety as: sex, education profile, age, professional experience. In accordance with the constitutional policy of variety, the Company assumes that everybody has the right for equal treatment and that nobody can be discriminated against in his or her political,social and economic life for any cause whatsoever. The principle is adopted by the Company in the recruitment processes.

In reference to the Company authorities` members, the selection of the people holding the posts of the Company and the Supervisory Board members are made respectively by the shareholders and the supervisory board, based on the property and corporate decision as well as professionalism principles.

As regards the key managers, the Company – making decision on the commencement of cooperation with the candidates – takes into consideration professional experience, seniority in the profession, education held as regards the scope of attributed tasks. The Company employs both women and men in all age ranges, taking into consideration the assessment of candidate`s adequacy in matching the relevant factors.

 

The Division of tasks and responsibilities among the members of the Company board are stipulated in the Organizational Regulations in force in the Company. Currently, the Company Board consists of two members:

  1. Chairman of the Board holding the position of the Managing Director and
  2. Deputy Chairman of the Board holding the position of Managing Director for Operational Matters

 According to the internal division of responsibilities stipulated in the Organizational Regulations:

 The Chairman of the Board – Managing Director directly manages and is responsible for :

-       Trade Unit along with the branch departments and their organizational structure

-       Financial Unit along with the departments that are set aside: accounting, financial as well as human resources and remunerations along with their organizational structure

The Deputy Chairman of the Board – Managing Director for Operational Matters directly managers and is responsible for:

Operational Unit along with the departments that are set aside: logistics and administrative-technical along with their organizational structures.

 

In accordance with I.Z.1.11 of the Good Practices of the Companies Quoted at GPW, the Company Board informs that in accordance with  § 5 item 2.5 of KRAKCHEMIA S.A Artcles, the selection of the certified auditor is conducted by the Company Supervisory Board. In accordance with item 2.4 letter g) of the Supervisory Board Regulations, the change of the certified auditor should ensue at least once every five years, whereas, the change of the certified auditor is also meant as a change of a person executing the review. In accordance with the item 4.1 of the Supervisory Board REgulations and item 2 of the Auditing Committee regulations, the Auditing Committee presents to the Company Supervisory Board its recommendation concerning the choice of the entity that is to fulfil the function of the external auditor.

 

 

Number of women and men in the KRAKCHEMIA S.A. Management Board over the last two years:

Data as of:

 Number of women

Number of men

31-12-2016

0

2

31-12-2017

0

2

31-12-2018

0

2

 

 

 

Number of women and men in the KRAKCHEMIA S.A. Supervisory Board over the last two years:

Data as of:

 Number of women

Number of men

31-12-2016

1

4

31-12-2017

3

2

25-06-2018

2

3

31-12-2018

2

3

 

 Krakchemia Joint Stock Company Report concerning the scope of Good Practices Application.