The rules of remuneration for members of the Supervisory Board are defined by the General Meeting.
The remuneration of Supervisory Board members is subject to the limitations and conditions prescribed under the Act on Remunerating Persons Who Manage Certain Legal Entities of March 3rd 2000 (Dz.U. of 2000 No. 26, item 306, as amended).In accordance with the Act, in 2000 the Extraordinary General Meeting defined a remuneration policy for Supervisory Board members. Pursuant to the policy:
- Supervisory Board members receive monthly remuneration equal to the average monthly salary in the non-financial corporate sector, net of bonuses paid from profit in the fourth quarter of the preceding year, as announced by the President of the GUS (Central Statistics Office),
- The remuneration is payable irrespective of the frequency of Supervisory Board meetings, except if, in a given month, a member of the Supervisory Board is absent from all meetings held in that month without valid reason,
- If a Supervisory Board member is appointed or removed from office during a calendar month, the remuneration amount is calculated according to their number of days in office,
- The Company reimburses any expenses incurred by the Supervisory Board members in connection with the performance of their duties, and – pursuant to the Personal Income Tax Act – calculates and deducts personal income tax prepayments from their remuneration.
In line with amendments to the aforementioned Act, in 2013 Supervisory Board members were entitled to receive monthly remuneration calculated on the basis of the average monthly salary in the non-financial corporate sector net of bonuses paid from profit in the fourth quarter of 2009.
Remuneration of the Supervisory Board members in 2013
|Name and surname||Amount (PLN '000)|