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Workshop on Corporate Governance Chisinau, 14-15 May 2012. Corporate Governance in Poland Why ? How ?. Joanna Banach Legal Department Polish Financial Supervision Authority. Legal environment. Companies’ code Act on offering financial instruments Act on trading in financial instruments.
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Workshop on Corporate GovernanceChisinau, 14-15 May 2012 CorporateGovernancein Poland Why? How? Joanna Banach Legal Department Polish Financial Supervision Authority
Legal environment • Companies’ code • Act on offering financial instruments • Act on trading in financial instruments X
3 unique areas • From Corporate Governance code to hard law • Additional points added to Polish Good Practices • Role of the regulator (PFSA)
1. Independent directors Betterprotection of minorityshareholders CG Code -> Legal Act
2a. Rumors • Management of a company should express its view when untrueor partly untrue information is disseminated 2a. Artistic expression • Information on extracurricular activities
3. Role of the regulator • Meetings with potential issuers, questions on: • Prospectus • Corporate governance code • Privileges