eService has adopted and applies „The Principles of Corporate Governance for Supervised Institutions" issued by the Polish Financial Supervision Authority constituting an appendix to the Resolution No. 218/2014 of 22 July 2014 („Principles”), by incorporating them in the General Meeting adopted document ESERVICE PRINCIPLES OF CORPORATE GOVERNANCE and relevant normative acts and internal regulations. These principles were implemented with the following exclusion:
Unit of subdivision
Reason for exclusion
|§ 22 sec. 1.|
The composition of a supervised institution's supervisory body shall include an appropriate proportion of independent members, and where possible, appointed from among candidates identified by minority shareholders. Independence is manifested, most of all, in lack of direct and indirect connections with the supervised institution, members of the management and supervisory bodies, significant shareholders and entities related to them.
The Company does not apply the independence principle in relation to the Members of the Supervisory Board, understood as ensuring an appropriate proportion of independent members in its composition, as considering the Company ownership structure (no free float) the risk of inappropriate protection of minority Shareholders despite the lack of application of the said principle is non-existent.
The Supervisory Board of eService Sp. z o.o. positively assessed the use of The eService Principles of Corporate Governance in 2015.