Corporate governance rules applied by PKN ORLEN
In 2015, PKN ORLEN applied the Code of Best Practice for WSE Listed Companies (‘Code of Best Practice’) effective on the Warsaw Stock Exchange. The Code of Best Practice is available on the corporate governance website of the Warsaw Stock Exchange, at https://www.gpw.pl/lad_korporacyjny_na_gpw and on PKN ORLEN’s corporate website, at www.orlen.pl, in the ‘Investor Relations’ section, under WSE best practice.
The Company did not apply the rule included in Section IV.10 of the Code of Best Practice, whereby companies are required to enable the shareholders to participate in General Meetings using means of electronic communication through real-life broadcasts of General Meetings and real-time bilateral communication. On May 16th 2013, the Company reported on its non-compliance with the rule using the EBI system (Current Report No. 1 CG/2013). The non-compliance does not affect the integrity of the Company’s information policy, nor does it give rise to the risk of limiting or hindering shareholders’ participation in General Meetings. The Company complied with all other mandatory rules stipulated in the Code of Best Practice.