In August 2020, the General Meeting of shareholders of PKO Bank Polski adopted a policy on the assessment of suitability of Supevisory Board members and candidates.
Under the generally applicable provisions of law and in order to meet market expectations, candidates for the Supervisory Board membership are subject to an assessment of their suitability. Policy concerning the assessment of suitability was formulated to determine a candidate's unblemished reputation and appropriate level of knowledge, individually or jointly with others, of the bank's activities and risks related to those activities, as well as the skills and experience for the performance of his/her duties.
Suitability includes integrity, ethical conduct and independence of judgement of each person, and the ability to devote sufficient time to perform all duties. The policy sets out the principles and criteria for the assessment of suitability, its supervision and monitoring, and the succession planning.