Corporate governance principles applied by PZU

Since the IPO of PZU on a regulated market, the Issuer has followed the corporate governance principles laid down in Good Practices of Companies quoted on WSE.

The document was accepted by WSE Council on 4 July 2007 and has undergone several modifications since then. The document accepted by the Resolution of WSE Council regarding amendments to the Good Practices of Companies Quoted on WSE of 21 November 2012 was effective between 1 January 2013 and 31 December 2015.

On 13 October 2015, a new set of corporate governance rules under the name of “Good Practices of Companies quoted on WSE 2016” was accepted by the resolution of WSE Council. The new rules are in force as at 1 January 2016.

The current contents are available on the website devoted to corporate governance of WSE-quoted entities and on the PZU’s corporate website in the section dedicated to PZU’s shareholders – “Investor Relations”.

Code of Good Insurance Practices adopted on 8 June 2009 by the General Meeting of the Polish Chamber of Insurance (“PIU”), an organization associating insurance companies operating in the Polish market is another document determining the manner of business operations and of developing relations with stakeholders. The document is available on the website. 

The relations with stakeholders are based on our internal PZU Code of Good Practices.

Further, the relations with stakeholders are based on our internal PZU Code of Good Practices. The document is available on the website. 

On 22 July 2014, Polish Financial Supervision Authority issued Corporate Governance Rules for Supervised Institutions (“Rules”).

The rules are a set of guidelines, which should be used by supervised entities from 1 January 2015 under the applicable law and with respect to the principle of proportionality.

The rules and information on how to use them can be found on the PZU website.