Orange Polska governing bodies’ activities in 2018
General Meeting activities in 2018
The Annual General Meeting took place on April 20, 2018 in Warsaw.
The Meeting adopted, among others, resolutions on:
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approval of the Management Board’s Report on the activity of
Orange Polska S.A. in the 2017 financial year
-
approval of Orange Polska S.A. financial statements for the
2017 financial year
-
approval of the Management Board’s Report on the activity of
Orange Polska Group in the 2017 financial year
-
approval of the consolidated financial statements for the 2017
financial year
-
granting approval of the performance of their duties by members
of Orange Polska S.A’s governing bodies in the financial
year 2017
General Meeting at a glance
The Annual General Meeting is convened by the Management Board (or by the Supervisory Board if the Management
Board fails to convene it within the period set out by the law)
and it is held within six months after the end of each financial
year. The General Meeting is valid regardless of the number
of shares being represented. The agenda of the General
Meeting is determined by the body that has convened it. Any
matters to be resolved by the General Meeting should first
be presented by the Management Board to the Supervisory
Board for its opinion. The resolutions are adopted by a simple
majority of votes cast, unless the Commercial Companies
Code or the Articles of Association provide otherwise. Voting
at the General Meeting is open. A secret ballot is used at
elections or upon motions for removal of the members of the
company’s Boards or liquidators, or calling them to account
for their actions, or in personal matters. A secret ballot is also
used whenever requested by at least one of the shareholders
or their representatives present at the General Meeting.
An Extraordinary General Meeting is convened by:
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the Management Board, upon its own initiative or upon a
written motion of the Supervisory Board or shareholder(s)
representing at least 5% of the share capital, in which case
the Management Board includes on the agenda the matters
indicated by the shareholders requesting the meeting
-
the Supervisory Board, if it is necessary in its opinion
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shareholders representing at least half of the share capital
or at least half of total votes in the company
The Supervisory Board or shareholders representing at least
5% of the share capital may request that particular matters
be included on the agenda of the next General Meeting.
The shareholders have the following rights:
-
they may take part in the General Meeting and exercise the
right to vote in person or by attorneys-in-fact (other representatives)
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each shareholder has the right to candidature for the Chairman
of the General Meeting or to put forward one candidate for
the position of the Chairman of the General Meeting to the
minutes
-
for each point on the agenda, each shareholder has the
right to one speech of five minutes and a reply of five minutes
-
each shareholder has the right to ask questions on any
matters on the agenda
-
each shareholder has the right to object to a decision by
the Chairman of the General Meeting; the General Meeting
then decides in a resolution whether the decision of the
Chairman will be upheld or reversed
-
each shareholder has the right to suggest amendments
or additions to draft resolutions which are covered by the
agenda of the General Meeting. Such suggestions must
be raised before the close of discussions on the relevant
agenda item