Corporate governance is a complex of activities and regulations aimed at achieving a proper balance between the interests of all entities engaged in the functioning of the company (investors, governing bodies, employees, suppliers) that stimulates the development of the company.
The principles of corporate governance for public companies issuing shares, convertible bonds or bonds with pre-emption rights and which have been admitted to trading on the Stock Exchange, for the first time were approved by the Warsaw Stock Exchange in a document entitled “Best Practices of Public Companies 2002” in September 2002. This document indicated the basic principles of “business ethics” which should be observed by a quoted company in its everyday operations. The next version of rules “The rules of Best Practices in Public Companies 2005” came into force on 1 January 2005 and was valid till the end of 2007.
BRE Bank declared to apply „Best Practices” beginning from their introduction. It regards also the present version “The Best Practices of WSE Listed Companies” (enclosure to the resolution no.17/1249/2010 of WSE Council dated May 19, 2010).
According to the information requirements, BRE Bank will report only in the event of the Bank’s permanent non-compliance with a rule or its incidental breach. Reports will be forwarded to WSE and published on the company’s website.
Additionally the Bank publishes annually the reports on compliance with the corporate governance rules contained in „Best practices”.
The principles of corporate governance for public companies issuing shares, convertible bonds or bonds with pre-emption rights and which have been admitted to trading on the Stock Exchange, for the first time were approved by the Warsaw Stock Exchange in a document entitled “Best Practices of Public Companies 2002” in September 2002. This document indicated the basic principles of “business ethics” which should be observed by a quoted company in its everyday operations. The next version of rules “The rules of Best Practices in Public Companies 2005” came into force on 1 January 2005 and was valid till the end of 2007.
BRE Bank declared to apply „Best Practices” beginning from their introduction. It regards also the present version “The Best Practices of WSE Listed Companies” (enclosure to the resolution no.17/1249/2010 of WSE Council dated May 19, 2010).
According to the information requirements, BRE Bank will report only in the event of the Bank’s permanent non-compliance with a rule or its incidental breach. Reports will be forwarded to WSE and published on the company’s website.
Additionally the Bank publishes annually the reports on compliance with the corporate governance rules contained in „Best practices”.