LOTOS

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The Management Board is responsible for running the business of Grupa LOTOS S.A. and represents it in all activities except for the ones that are reserved for the competences of the General Meeting or the Supervisory Board, or which exceed the ordinary management of the Company and which require a prior resolution of the Management Board. The scope of issues that require resolutions of the Management Board is governed by the Management Board Bylaws. 

Ordinary matters of the Company, not requiring the Management Board’s resolution, shall be carried out by the President independently and by individual Management Board members in line with the division of powers and responsibilities.

MANAGEMENT BOARD REGULATIONS OF GRUPA LOTOS S.A.