Annual Report 2014
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  2. Corporate governance
  3. Statement of compliance with corporate governance rules by Polskie Górnictwo Naftowe i Gazownictwo s.a. in 2014
  4. Rules governing amendments to the Issuer’s Articles of Association.

9. Rules governing amendments to the Issuer’s Articles of Association.

Pursuant to the Commercial Companies Code and the Issuer’s Articles of Association, amendments to the Articles of Association are introduced by virtue of resolutions adopted by the General Meeting with the required majority of votes, and must be recorded in the register of entrepreneurs. Any amendment to the Articles of Association must be submitted by the Management Board to the registry court within three months from the date on which the General Meeting adopted the resolution introducing the amendment.

The consolidated text of the Articles of Association is drawn up by the Management Board and then approved by the Supervisory Board.

Rules governing the appointment and removal of management personnel and such personnel's powers, particularly the power to make decisions on the issuance or buy-back of shares.
The operation of the General Meeting, its basic powers and description of shareholders’ rights, with the procedure for their exercise, in particular the rules stipulated in the Rules of Procedure for the General Meeting, to the extent not prescribed directly by law.