Shares and shareholding structure
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102-18
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102-19
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102-24
The powers and responsibilities of the General Meeting cover a range of matters as set out in the Articles of Association of Grupa LOTOS. All matters are first presented for consideration by the Supervisory Board. The Rules of Procedure for Grupa LOTOS S.A. General Meetings specify the procedures for convening and cancelling General Meetings, the proceedings of the Meetings, holding elections to the Supervisory Board, as well as the rules of attendance and voting at General Meetings.
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102-18
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102-22
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102-28
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405-1
Supervisory Board
The Supervisory Board of Grupa LOTOS S.A. exercises ongoing supervision of the Company’s business, across all areas of its operations. It performs its duties collectively, but may set up ad hoc or standing committees to supervise specific areas of the Company’s activities or investigate specific issues. Standing committees of the Supervisory Board: the Audit Committee, Strategy and Development Committee, and Organisation and Management Committee. In accordance with the applicable laws, the Supervisory Board selects an auditor and recommends it to the key companies of the Group to audit their financial statements.
Composition of the Grupa LOTOS Supervisory Board as at December 31st 2020:
- Beata Kozłowska-Chyła – Chairwoman,
- Piotr Ciach – Deputy Chairman,
- Katarzyna Lewandowska – Secretary,
- Dariusz Figura – Member,
- Adam Lewandowski – Member,
- Grzegorz Rybicki – Member.
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102-18
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102-20
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102-22
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102-23
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405-1
Management Board
The Management Board represents Grupa LOTOS S.A. before third parties and manages all its corporate affairs. Individual members of the Management Board perform duties in line with the division of powers and responsibilities resulting from their operational functions within the Company. Each member of the Management Board is also authorised to represent the Company in all judicial and non-judicial business relating to the Company’s operations, excluding matters reserved for the General Meeting or Supervisory Board under the Commercial Companies Code or the Company’s Articles of Association, as well as matters falling outside the scope of ordinary management of the business where they require the Management Board’s prior resolution and matters within the powers of another member of the Management Board.
Composition of the Grupa LOTOS Management Board as at December 31st 2020:
- Zofia Paryła – President of the Management Board,
- Artur Cieślik – Vice President of the Management Board,
- Marian Krzemiński – Vice President of the Management Board,
- Piotr Walczak– Vice President of the Management Board,
- Jarosław Wittstock – Vice President of the Management Board.
Composition of the Grupa LOTOS Management Board as at March 31st 2021:
- Zofia Paryła – President of the Management Board,
- Krzysztof Nowicki – Vice President of the Management Board,
- Piotr Walczak – Vice President of the Management Board,
- Jarosław Wittstock – Vice President of the Management Board,
- Jarosław Wróbel – Vice President of the Management Board.
Management Board members’ remits
Allocation of responsibilities among members of the Grupa LOTOS S.A. Management Board as at March 31st 2021
Source: the Company.