We are pleased to present our publication entitled “Supervisory Boards through the eyes of independent members”, which summarises the results of a survey conducted among the members of the Association of Independent Non-Executive Directors.

The survey allowed us to learn the opinions of non-executive directors in Poland on many important topics.

In the case of some questions, the results of the survey confirmed some frequently repeated opinions on corporate governance. Some of the answers shed new light on important issues for the market. In other cases, however, the results seem to undermine some common opinions, and perhaps even dispel some myths. Thus, they are a very valuable material for analysis for all stakeholders of the capital market in Poland.

The results of the survey were successively published on our LinkedIn profile and sparked some interesting discussions among capital market participants. Many issues were highlighted – both regulatory as well as relating to the functioning of the supervisory boards and the way they conduct supervision over companies’ activities.

We are pleased to present the second edition of our publication entitled “Sample Annual Audit Committee Work Plan – Second Edition”. Compared to the first edition compiled in January 2022, the sample annual audit committee work plan included in the publication has undergone significant changes and improvements resulting from the experience with its use over the past year, feedback received from market participants, and reflecting the regulatory changes in 2022.

The current regulations have entrusted audit committees with a very broad range of responsibilities. This means that a considerable proportion of all the tasks stipulated in the law relating to supervisory boards rests on them. How to meet these expectations?

The Sample Annual Audit Committee Work Plan was developed to support audit committees by providing them with a tool to organise these tasks, enabling committees to plan them out over the course of the financial year, and reducing the risk that any of the duties required by the regulations are overlooked.

The publication was prepared by a project team formed within the Association of Independent Non-Executive Directors comprising: Jacek Gdański, Filip Gorczyca, Katarzyna Ishikawa, Michał Rogatko, Piotr Skrzyński and Piotr Woźniak.

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We strongly encourage all supervisory boards and audit committees to use the tool in their work planning already this year. At the same time, we invite all market participants to share with us any comments and suggestions regarding the scope and content of the document (This email address is being protected from spambots. You need JavaScript enabled to view it.).

The publication can be found here

For easier use of the tool, a table with the Sample Annual Audit Committee Work Plan in a version that allows editing the document can be found here.