Corporate Governance Principles

Information about Fenige sp. z o.o.'s application of
"Corporate Governance Principles for Supervised Institutions"

Fenige Sp. z o.o. hereby informs that, on the basis of the resolution of the Management Board, has adopted the ” Corporate Governance Principles for Supervised Institutions” as defined by the Polish Financial Supervision Authority (KNF) in a document the content of which is available on KNF’s website at:

https://www.knf.gov.pl/dla_rynku/regulacje_i_praktyka/zasady_ladu_korporacyjnego

The Company applies the Principles in accordance with the principle of proportionality and adequacy resulting from the scale, the nature of operations as well as the unique nature of the institution. When implementing the Principles, the following exclusions have been applied, as specified in:

  • § 8 section 4 – exclusion due to the fact that the introduction of the principle would involve disproportionate costs which, in the opinion of the Management Board, are not justified.
  • § 9 section 5 – exclusion due to the fact that members of the Management Board of the Company are at the same time its shareholders.
  • § 10 section 1 – exclusion due to the fact that members of the Management Board of the Company are at the same time its shareholders.
  • § 22 section 1 – exclusion of the principle does not create the risk of the failure to ensure effective supervision in the Company and violation of minority shareholders’ rights.
  • § 25 section 1 – exclusion due to the scale of the Company’s operations, the principle of adequacy and the principle of proportionality.
  • § 28-30 – exclusion due to the scale of the Company’s operations, the principle of adequacy and the principle of proportionality.
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