The Supervisory Board of Cyfrowy Polsat S.A. performs ongoing supervision of the Company’s operations in all its fields, acting based on the provisions of the Commercial Companies Code, the Company’s Articles of Association and the By-laws of the Supervisory Board.
The competences of the Supervisory Board include matters restricted by the Commercial Companies Code and provisions of the Company’s Articles of Association such as, among others, appointing and setting the rules of remuneration of Members of the Management Board, appointing the Company's auditor and approving the terms of significant transactions of the Company.
The Supervisory Board of Cyfrowy Polsat S.A. may consist of five to nine members (currently it consists of nine members), including the Chairperson of the Supervisory Board who is appointed and dismissed by TiVi Foundation with its registered office in Vaduz, Liechtenstein as a personal right vested in that shareholder. The remaining Members of the Supervisory Board are appointed and dismissed by the General Shareholders Meeting. The Supervisory Board is appointed for a joint five-year term of office.
Two Members of the Supervisory Board meet the criteria of an independent Member of the Supervisory Board as set out in article 129 item 3 of the Act of May 11, 2017 on Statutory Auditors, Audit Firms and Public Oversight which fulfills the principle 2.3. of the Best Practices 2021.
The Supervisory Board appointed two committees: Audit Committee and Remuneration Committee.
Information on women and men share in the Supervisory Board of Cyfrowy Polsat S.A. in 2017-2022