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Apator S A : Consolidated text of the Regulations of the Supervisory Board of Apator SA
Apator S A : Consolidated text of the Regulations of the Supervisory Board of Apator
About this update from Apator S.a.
[{"type":"text","content":"\n CONSOLIDATED TEXT OF THE REGULATIONS OF THE SUPERVISORY BOARD OF APATOR S.A.\n \n \n \n § 1. Legal basis\n \n \n The Supervisory Board of Apator S.A. is a statutory body of Apator S.A., acting under the Commercial Companies Code, the Articles of Association of the Company and these Regulations.\n \n \n Any matters not regulated by these regulations are governed by the provisions of the Company's Articles of Association, the provisions of the Commercial Companies Code and other legal regulations.\n \n \n \n § 2. Composition of the Supervisory Board\n \n \n The Supervisory Board consists of 5 (five) to 7 (seven) members, elected by the General Shareholders Meeting.\n \n \n The following individuals may not be Members of the Supervisory Board: - Management Board Members, - Proxies, - Chief Accountants employed by the Company, - Legal Counsels or Lawyers employed by the Company, - Persons who report directly to a Management Board Member, - Members of a subsidiary's Management Board.\n \n \n The Supervisory Board is appointed for a common term of office of five years.\n \n \n The reduction of the number of members of the Supervisory Board during the term of office to not less than 5 (five) Members does not require any addition to the composition of the Supervisory Board.\n \n \n Retiring Supervisory Board Members may be re-elected to the Supervisory Board for the next term.\n \n \n Supervisory Board Members should have the appropriate knowledge and experience and be able to devote the necessary amount of time to their duties.\n \n \n 7. A member of the Supervisory Board should, in the performance of their duties, exercise the diligence inherent in the professional nature of their activities and maintain loyalty to the Company. A Board Member may not disclose the Company's secrets, even after the expiry of their mandate.\n \n \n § 3. Powers of the Supervisory Board\n \n \n The Supervisory Board has the right to inspect the activity of the Company and the Apator Group, including by:\n \n \n requesting the Management Board to submit regular and comprehensive reports and explanations on all significant matters concerning the activity of the Company and the Apator Group and on the risks involved in the activity conducted,\n \n \n checking the Company's files and documents,\n \n \n carrying out financial audits and reviews of the Compan...