Governance

PKN ORLEN ensures easy and equal access to published information using various communication tools.

As a company listed on the Warsaw Stock Exchange, PKN ORLEN complies with the corporate governance principles set forth in the Best Practice for WSE Listed Companies.
From the beginning of 2021, we followed the 2016 Code of Best Practice. Since July 1st 2021, the 2021 Code of Best Practice has been in force (WSE Supervisory Board Resolution No. 13/1834/2021 of March 29th 2021), which now applies to the Company.

We are also developing the ORLEN IN YOUR PORTFOLIO programme, including the Investment Academy. Launched in 2018, it is dedicated to retail investors. In 2021, the number of the programme participants increased by 4,000, to over 13,800, and over 220,000 people used the educational section of the orlenwportfelu.pl website. Under the programme, PKN ORLEN collaborates with six brokerages, which operate 60% of all individual investment accounts in Poland.

Corporate governance issues are discussed in the ‘Corporate governance’ section of the Integrated Report. The section contains the following information:

The IMS comprises:

For information on the Integrated Management System, see ‘Integrated Management System’.

The Collective Bargaining Agreement is a social contract, being a source of labour law, that has been reached through negotiations between the Employer and Trade Unions. It is an HR constitution of sorts that sanctions a motivating and coherent remuneration and bonus system, sets standards for Employer-Employee relationships and provides norms governing an equal partnership between the Employer and Trade Unions.

The ORLEN Group has in place effective functional control, risk management and compliance supervision systems, as well as an internal audit and control function. The simultaneous operation of all those systems and functions allows the Group to exercise ongoing and effective supervision to prevent corruption, illegal bonuses or conflicts of interests.

PKN ORLEN is committed to building an ethical work environment. In May 2021, the ‘Core Values and Standards of Conduct of PKN ORLEN’ were replaced by a new Code of Ethics. The document presents the key considerations relating to ethics at the Company. It defines the values and standards of conduct which ORLEN Group employees undertake to respect: Responsibility, Progress, People, Energy and Dependability.

In 2018, the ORLEN Group adopted an Anti-Corruption Policy and appointed an Anti-Corruption Compliance Officer. Our trading partners, when entering into business relationships with PKN ORLEN, are required to become familiar with the policy and rules for counteracting corruption.

For key policies and procedures governing prevention of corruption and bribery at the ORLEN Group, as well as a description of key activities, see ‘Counteracting corruption and bribery’.

Management Boards of ORLEN Group companies by gender, including:

W – Women; M – Men

Supervisory Boards of ORLEN Group companies by gender:

W – Women; M – Men

Management Board – age structure, including:

Supervisory Board – age structure, including:

Employees – employment structure by age, including:

Below 30 years

M – Managers; NM – Non-managers

30-50 years

M – Managers; NM – Non-managers

Over 50 years

M – Managers; NM – Non-managers

Employees – employment structure by gender, including:

Women

M – Managers; NM – Non-managers
Men

M – Managers; NM – Non-managers