As a company listed on the Warsaw Stock Exchange, we apply the rules of corporate governance as set out in the Best Practices for WSE-Listed Companies.
You will find more information about corporate governance rules on Warsaw Stock Exchange website: Best Practices of WSE Listed Companies
Best Practices for WSE-Listed Companies 2021 – the latest version of the Corporate Governance Rules, which applies to companies from July 1, 2021 – came into force. The new Best Practices reflect the current trends and follow European regulations in the area of corporate governance. The changes made take into account the current state of the law and the latest trends in the area of corporate governance, as well as responding to the demands of market participants interested in increasingly better corporate governance by listed companies.
In line with market expectations, ESG issues, including climate protection, sustainability, board diversity and equal pay, are addressed in the new best practices. The updated rules also cover topics such as the expected method of profit distribution, share issues with exclusion of pre-emptive rights or share buybacks. Also new are more precise rules for the submission of draft general meeting resolutions and candidates for the supervisory board.
As a result of the work to identify the current status of the application of the Best Practices for WSE-Listed Companies 2021, a report on the status of PGE’s application of the rules in best practices was prepared and published at the end of July 2021, which can be found at this address https://www.gkpge.pl/en/for-investors/corporate-governance.
During the company’s Ordinary General Meeting in June 2022, information on the status of PGE S.A.’s application of the Best Practices for WSE-Listed Companies 2021 was presented to shareholders, with emphasis on the rules whose compliance by the company also depends on the decisions or actions of the General Meeting or individual shareholders.
Aside from applying the rules set out in the Best Practices for WSE-Listed Companies 2021, PGE strives to carry on the best possible communication with capital market participants by publishing materials that meet the needs of investors, such as the periodic results presentations made available each time after the publication of interim reports or the accompanying analyst toolbox with investor messaging and the most relevant financial data of the period.
The Company also publishes financial and operating estimates for each reporting period in the form of current reports, and the Management Board’s earnings conferences are broadcast live online.