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Corporate governance

Due to its debut on Warsaw Stock Exchange, Idea Bank has introduced new standards of corporate governance.

According to them, two Independent Members of Supervisory Board will be elected by the General Meeting from candidates who have been submitted by minority shareholders. Minority shareholders will be the only authorized persons to exercise their right to vote in this case – Controlling Shareholder (who holds directly or indirectly at least 50% of all shares in Bank’s share capital) will not propose any nominations and will be excluded from exercising his/her voting right at the elections of Independent Members of the Supervisory Board.

Independent Members of the Supervisory Board will participate in the works of committees set up by Supervisory Board, and Independent Members of the Supervisory Board will participate in Audit Committee. They will also be authorized to decide about the Bank’s transactions, including transactions with affiliates (excluding transactions within Idea Bank Group). Performance of any transactions with affiliates, the value of which exceeds 1% of Bank’s own funds, requires consent of two Independent Members of the Supervisory Board.


Documents to download: