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Cyfrowy Polsat S A : Report on the activities of the Supervisory Board for 2025
Cyfrowy Polsat S A : Report on the activities of the Supervisory Board for
About this update from Cpd S.a.
[{"type":"text","content":"\n \n \n Report of the Supervisory Board\n \n \n of Cyfrowy Polsat S.A. for the period from January 1, 2025\n \n \n to December 31, 2025\n \n \n Warsaw, May 13, 2026\n \n \n \n The Supervisory Board (the \"Supervisory Board\") of Cyfrowy Polsat S.A. (the \"Company\" or \"Cyfrowy Polsat\"), acting pursuant to Article 382 §1, §3 and §31 of the Commercial Companies Code (the \"CCC\"), the provisions of the Company's Articles of Association, the By-Laws of the Supervisory Board and the principles and recommendations of the Best Practices for WSE Listed Companies 2021 (the \"Best Practices 2021\"), hereby presents to the Annual General Meeting of the Company's Shareholders a report for the period from January 1, 2025 to December 31, 2025, which includes:\n \n \n information about the composition of the Supervisory Board and its Committees with an indication of which members of the Supervisory Board meet the independence criteria set out in the Act of May 11, 2017 on Auditors, Audit Firms and Public Oversight, as well as which of them do not have actual and material relations with a shareholder holding at least 5% of the total number of votes in the Company, as well as information on the composition of the Supervisory Board in the context of its diversity (2.11.1 Best Practices 2021);\n \n \n summary of activities of the Supervisory Board and its Committees (2.11.2. Best Practices 2021);\n \n \n assessment of the Company's standing on a consolidated basis, including evaluation of internal control systems, risk management, compliance and the internal audit function, along with information on actions taken by the Supervisory Board in order to perform this assessment; this assessment shall include all important control mechanisms, in particular concerning reporting and operations (2.11.3. Best Practices 2021);\n \n \n assessment of the application by the Company of corporate governance principles and the manner of fulfilling information disclosure obligations related to their application, as specified in the Warsaw Stock Exchange Rules (\"WSE Rules\") and regulations concerning current and periodical information provided by issuers of securities, together with information on actions taken by the Supervisory Board in order to perform this assessment (2.11.4. Best Practices 2021);\n \n \n assessment of the rationality of expenditures incur...