PRIVATISATION – WHAT'S NEXT 13 May 2013 - CASE

13 May 2013, WarsawPRIVATISATION – WHAT’S NEXTThe State as Owner – Appointment of Boardsin State-Owned EntitiesTomasz Zganiacz – Director, Capital Markets Department13 May 2013Principles of Corporate GovernanceMain principles of corporate governance are provided in the following regulations andnon-binding codes• Commercial Companies Codeprovides regulation of companies in general, their corporate bodies, rights of shareholders, rulesapplicable to mergers and acquisitions• Commercialisation and Privatisation Actapplies to companies designed for privatisation• Public Trading of Securities Actgoverning public trading in securities, including the requirements to be met in cases of plannedacquisitions of substantial blocks of shares and the principles for establishing, organising and supervisingentities conducting activities associated with public trading in securities• Code of Best Practice for WSE Listed Companies• OECD Principles of Corporate Governanceassist governments in their efforts to evaluate and improve the legal, institutional and regulatoryframework for corporate governance, and provide guidance and suggestions for stock exchanges,investors,corporations, and other parties that have a role in the process of developing good corporategovernance• Principles of Corporate Supervision over Companies with State Treasury Shareholding –a set of principles, not a normative Act253The State as Owner – Appointment of Boards in State-Owned Entities