Avoidance of conflicts of interest


{GRI 4.6.}

As a means of avoiding conflicts of interest, the Company complies with the provisions of the Commercial Companies Code, the Rules of Procedure for the Board and the Code of Best Practice for WSE Listed Companies.

If a conflict of interests arises between the Company and a Board member and persons with whom the member has personal ties, the member should refrain from swaying the Company's decisions on matters which gave rise to such conflict. Additionally, a member of the Board of Grupa LOTOS should notify the Board of any actual or potential conflicts of interest and should refrain from taking part in the discussion and from voting on the adoption of a resolution on the issue which gives rise to such a conflict of interest. Furthermore, the Board members and their immediate subordinates are prohibited from serving on the Supervisory Board of Grupa LOTOS. Members of the Board who wish to serve on management or supervisory bodies of other companies are required to seek the approval of the Company's Supervisory Board.