Audit Committee

The Supervisory Board appointed an Audit Committee at the Company, pursuant to Article 128(1) of the Act on Statutory Auditors. The Audit Committee is particularly responsible for the tasks referred to in Article 130(1) of the Act on Statutory Auditors, including for:

  • monitoring the financial reporting process;
  • monitoring the effectiveness of the internal control, risk management and internal audit systems, also in the scope of financial reporting;
  • monitoring the performance of financial audits, in particular audits carried out by audit firms, including any findings and recommendations of the Polish Financial Supervision Authority (KNF) arising from inspections held at the audit firm.

The brief of the Audit Committee is set out in the “Terms of Reference of the Audit Committee of XTPL S.A.” adopted by the Supervisory Board by Resolution No. 5/06/2018 of 5 June 2018.

The Audit Committee consists of 3 (three) members. As at the Prospectus Date, the members of the Audit Committee are:

Full nameRole at the Audit CommitteeAdditional competencies of the Audit Committee members
1Wiesław RozłuckiChairman of the Audit CommitteeHas knowledge and skills in the area of capital markets. Meets the independence criterion *
2Sebastian MłodzińskiMember of the Audit CommitteeCo-founder of XTPL S.A., a significant shareholder of the Company. Has knowledge and skills relating to the Company’s sector (within the meaning of the Act on Statutory Auditors). He gained this knowledge and skills in 2015–2017 as CEO of the Company.
3Piotr LembasMember of the Audit CommitteeHe has knowledge and accounting skills within the meaning of the Act on Statutory Auditors. He has a degree in finance and accounting and holds CFA designation. For nearly two years, he worked in the financial department of the Adiuvo Investments S.A. Group, where he supported the financial director in the preparation of financial statements to comply with the obligations imposed on WSE listed companies. Meets the independence criterion *

 

*In accordance with the detailed rules II.Z.6 and II.Z.4 of the Code of Best Practice for WSE Listed Companies.

Download the list of rules followed by the Issuer

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