Information on the application of “Corporate Governance Rules for Supervised Institutions” at AgioFunds TFI SA
(1 January 2015)
On 22 July 2014, the Polish Financial Supervision Authority (KNF) issued new corporate governance guidelines for financial institutions, with the goal of raising the quality of governance at said institutions and increasing transparency. KNF hopes to increase trust in Poland’s financial market. Warsaw-based AgioFunds TFI SA has adopted the new guidelines as of 1 January 2015, taking account of the principle of proportionality resulting from its scale of operations and the specific nature of its business model, with the following caveats:
1) the company has a small number of shareholders, hence it does not apply the rules described in § 8 sec. 4 of the Corporate Governance Rules,
2) taking account of the principle of proportionality resulting from its scale of operations and the specific nature of its business model, it does not apply the rules described in § 54 sec. 3 of the Corporate Governance Rules.
The Corporate Governance Rules, constituting an attachment to the above information, are available at the company’s website.