Corporate Governance

Overview

The framework of KGHM’s corporate governance is set by the provisions of Polish law, the Company’s Statutes and the Regulations of the Warsaw Stock Exchange where the company is listed and traded. The management of the Company is very much committed to best practice in corporate governance and over the past few years has developed the most effective way of organising KGHM’s governance system and ensuring that the long-term interests of the company and its shareholders are properly aligned.

General Meeting

ROLE

The General Meeting of KGHM Polska Miedź S.A. is the company’s highest body, and presents an opportunity to provide a summary business presentation, to inform shareholders of recent developments and to give them the opportunity to ask questions.

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Supervisory Board

ROLE

The Supervisory Board meets at least once per quarter and is responsible for the appointment and remuneration of the Management Board, the selection of the company’s independent auditors and the supervision of company business. As part of this process, it examines the company’s strategic plans and annual budget and monitors the company’s operating and financial performance.

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Members

Dominik Hunek Chairman of the Supervisory Board

Michał CzarnikVice Chairman of the Supervisory Board

Bogusław Szarek Secretary

Radosław Barszcz

Józef Czyczerski

Cezary Godziuk

Leszek Hajdacki

Miłosz Stanisławski

Jarosław Witkowski

Management Board

ROLE

KGHM’s Management Board is statutorily required to meet at least once every month. In practice however, these meetings are usually held once a week. During these meetings, the Management Board discusses, among others, issues related to Company strategy, matters related to risk management, the financial and operational performance of the Company and any other strategic issues concerning the company and its operations.

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Members

Radosław Domagalski-ŁabędzkiPresident & CEO

Jacek RaweckiFirst Vice President of the Management Board (Supply Chain Management)

Stefan ŚwiątkowskiVice President of the Management Board (Finance)

Piotr WalczakVice President of the Management Board (Production)

Audit Committee

ROLE

Responsible for supervision in the areas of financial reporting, the internal control system, risk management and internal and external audits.

Members

To be decided

 

 

 

Supervisory Board Committee

ROLE

Assist the Supervisory Board with respect to preparing evaluations and opinions and the taking of other actions aimed at decision-making by the Supervisory Board

Remuneration Committee

ROLE

Responsible for supervising the realisation of contracts signed with the Management Board, the remuneration system and benefits paid out in the company and Group, training and other benefits provided by the company, as well as audits performed by the Supervisory Board in this regard.

Members

To be decided

 

 

 

 

Strategy Committee

ROLE

Supervises the realisation of company strategy, the company's annual and long-term operating plans, supervising the coherence of these documents, and also provides its opinion to the Supervisory Board on the strategic projects presented by the Management Board of the company and any changes thereto, as well as on the company's annual and long-term operating plans.

To be decided

 

 

 

 

 

 

General Meeting

Role

The General Meeting of KGHM Polska Miedź S.A. is the company’s highest body, and presents an opportunity to provide a summary business presentation, to inform shareholders of recent developments and to give them the opportunity to ask questions.

Supervisory Board

Role

The Supervisory Board meets at least once per quarter and is responsible for the appointment and remuneration of the Management Board, the selection of the company’s independent auditors and the supervision of company business. As part of this process, it examines the company’s strategic plans and annual budget and monitors the company’s operating and financial performance.

Members

Dominik Hunek Chairman of the Supervisory Board

Michał CzarnikVice Chairman of the Supervisory Board

Bogusław Szarek Secretary

Radosław Barszcz

Józef Czyczerski

Cezary Godziuk

Leszek Hajdacki

Miłosz Stanisławski

Jarosław Witkowski

Management Board

Role

KGHM’s Management Board is statutorily required to meet at least once every month. In practice however, these meetings are usually held once a week. During these meetings, the Management Board discusses, among others, issues related to Company strategy, matters related to risk management, the financial and operational performance of the Company and any other strategic issues concerning the company and its operations.

Members

Krzysztof SkóraPresident & CEO

Jacek RaweckiFirst Vice President of the Management Board (Supply Chain Management)

Dominik HunekMember of the Supervisory Board delegated to temporarily carry out the duties of a member of a Vice President

Stefan ŚwiątkowskiVice President of the Management Board (Finance)

Piotr WalczakVice President of the Management Board (Production)

Supervisory Board Committee

Role

Assist the Supervisory Board with respect to preparing evaluations and opinions and the taking of other actions aimed at decision-making by the Supervisory Board.

Audit Committee

Role

Responsible for supervision in the areas of financial reporting, the internal control system, risk management and internal and external audits.

Members

To be decided

 

 

Remuneration Committee

Role

Responsible for supervising the realisation of contracts signed with the Management Board, the remuneration system and benefits paid out in the company and Group, training and other benefits provided by the company, as well as audits performed by the Supervisory Board in this regard.

Members

To be decided

 

 

Strategy Committee

Role

Supervises the realisation of company strategy, the company's annual and long-term operating plans, supervising the coherence of these documents, and also provides its opinion to the Supervisory Board on the strategic projects presented by the Management Board of the company and any changes thereto, as well as on the company's annual and long-term operating plans.

Members

To be decided