DUTIES AND RESPONSIBILITIES OF THE SUPERVISORY BOARD
The work of the Supervisory Board is coordinated by the Board Chairman, with the assistance of the Deputy Chairman and the Secretary. In the case of the absence of the Chairman of the Supervisory Board, his duties shall be assumed by the Deputy Chairman of the Supervisory Board. The Board’s specific responsibilities and duties as well as functional procedures are set forth in the Company Statutes and in the Supervisory Board Bylaws.
The Supervisory Board meets regularly at least once every quarter. During these meetings the Supervisory Board engages in discussions with the Management Board involving matters pertaining to the Company’s strategy and its operational and financial performance.
Though the Board performs its tasks collectively, it delegates some of the work to the Committees appointed by the Supervisory Board. The committees to whom these tasks are delegated are described below:
The scope of tasks of the Committees is set out in the current Bylaws of the Supervisory Board of KGHM Polska Miedź S.A.
The Company remunerates the Members of the Supervisory Board in compliance with the Remuneration Policy adopted on 19 June 2020 by the Ordianry General Meeting of KGHM Polska Miedź S.A.
Supervisory Board composition
The terms of office of each member of the Supervisory Board is three years. KGHM has a diverse Supervisory Board. It comprises members drawn from a wide range of professional backgrounds.
The names, skills and experience of each member of the supervisory board are shown in our Supervisory Board section.
At present, the following five Members of the Supervisory Board of KGHM Polska Miedź S.A. meet, according to their submitted declarations, the criteria of independence: Andrzej Kisielewicz, Jarosław Janas, Bartosz Piechota, Marek Pietrzak, Agnieszka Winnik-Kalemba.
The criteria for independence are set forth in point II.Z.4. of the document Code of Best Practice for WSE Listed Companies 2016.