Corporate responsibility report / Responsible brand - PKN Orlen

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Responsibility towards the market In accordance with the rule no. 6 of the part 1 of the “Good Practices of Companies Listed on the Warsaw Stock Exchange” – “A member of the Supervisory Board should have relevant knowledge and experience, and be able to devote the time required to properly perform his/her duties. A member of the Supervisory Board should under take relevant actions to ensure that the Supervisory Board receives information on significant issues related to the Company.” The PKN ORLEN Supervisory Board continuously supervises the Company’s activities in all areas of its business, and in particular it has the competences determined in the Polish Code of Commercial Companies and the Company’s Articles of Association. In order to be able to perform its obligations, the Supervisory Board is authorised to examine all of the Company’s documents and request the Management Board and employees to provide reports and explanations, and inspect the Company’s assets. In order to ensure proper execution of its statutory obligations, the PKN ORLEN Supervisory Board may file a motion with the Management Board to prepare appraisements or opinions, or to hire an advisor. With the aim to ensure the application of the highest standards of Good Practices and enable reliable assessment of the Company by Shareholders, the PKN ORLEN Supervisory Board submits to the General Meeting an annual report including: • the opinion on the report of the Company’s Management Board on the Company’s activities and the Company’s financial statements for a given financial year; • the opinion on the report of the Management Board on the ORLEN Capital Group’s activities and the ORLEN Capital Group’s consolidated financial statements for a given financial year; In 2009, the Supervisory Board had 8 male members and 1 female member. Two members of the Supervisory Board are over 50 years old; the 7 remaining persons are aged 30-50. Details of skills and professional experience of the Supervisory Board members are available at the PKN ORLEN website. / 26
Corporate responsibility report / KEY OPPORTUNITIES AND RISKS 2.3. on the risk management policy and procedures which enable identification of respective risks, risk allocation Activities of PKN ORLEN are associated with high to respective owners, risk analysis in the Company’s key operational risks having influence on the continuity areas and recommending preventive measures. To support the system the Company performs internal reviews of the Company’s functioning, current supplies of products to the market or provision of services; regulatory (both with respect to internal procedures and the external risks, i.e. resulting from changes in the national and UE environment) relating to the Company’s most important legislation – in particular risks connected with mandatory business areas from the perspective of its current operations. Integration of the risk management system enables reserves, fuel quality, compliance with emission norms, implementation of the National Index Target; and financial you to implement a uniform approach towards risk management, which translates into an integrated approach risks originating from the financial market, associated with exchange rates or interest rates. to planning on the level of strategies, operational activities and internal control. The risk management system Risk management in PKN ORLEN is not restricted only responds to the needs of a broad circle of the Company’s to the oil industry, but applies to the broadly understood stakeholders who want to better understand a wide range area of macro-economic operations of the Company. of the risks facing the Company, so as to be certain that These risks result from internal factors, such as: strategic, those risks are properly managed. organizational, systemic and procedural assumptions, as well as external factors, i.e. macro- and micro-economic factors or legal regulations. Risks are defined on the basis of assessment of their quantitative and qualitative influence on the conducted business activities and the level of probability of their occurrence. Implementation of the integrated risk management in PKN ORLEN allows perceiving the existing risks not only as threats, but also as the opportunity to increase the Company’s value in all of its areas. Implementation of risk management policy is gradually being expanded to include the entire ORLEN Capital Group. PKN ORLEN has been actively implementing a risk management system which guarantees that business decisions are made in full awareness of current risks and that the Company is well prepared to respond to materialised risks, so as to minimise their possible impact on the continuity and possibilities of achieving the business goals established. The Company risk management is based / 27
Page 1 and 2: 2009 Corporate responsibility repor
Page 3 and 4: TABLE Of CONTENTS Letter from the P
Page 5 and 6: Letter from the President of the PK
Page 8 and 9: About PKN ORLEN / OUR MOTTO Wheneve
Page 10 and 11: About PKN ORLEN Selected financial
Page 12 and 13: About PKN ORLEN D. Bolesław Rok CS
Page 14 and 15: About PKN ORLEN / ORLEN fuel statio
Page 16: Responsibility towards the market
Page 19 and 20: Corporate responsibility report Hal
Page 21 and 22: Corporate responsibility report Eli
Page 23 and 24: Corporate responsibility report The
Page 25: Corporate responsibility report The
Page 30 and 31: Workplace responsibility 3.1. / COR
Page 32 and 33: Workplace responsibility During cel
Page 34 and 35: Workplace responsibility / Projects
Page 36 and 37: Workplace responsibility Principles
Page 38 and 39: Workplace responsibility • 26 stu
Page 40 and 41: Workplace responsibility Danuta Gos
Page 42 and 43: Workplace responsibility In order t
Page 44: Responsibility towards customers an
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Page 51 and 52: Corporate responsibility report Ene
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Page 56 and 57: Environmental and social responsibi
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Corporate responsibility report / Responsible brand - PKN Orlen

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