Laws governing
The Group conducts its business in a sector subjected to a number of special regulations. Above all, the Group’s business has to comply with the laws and regulations governing mining operations – the Act of 9 June 2011 entitled the Geological and Mining Law and the executive regulations issued to this Act. In addition to this Act, the following provisions of law in particular govern the business activity of the Group’s companies
- Act entitled the Commercial Companies Code of 15 September 2000 (“Commercial Companies Code”).
- Act of 7 September 2007 on the Functioning of the Hard Coal Mining Industry.
- Act of 16 December 2016 on Rules for Managing State Property.
- Act of 10 April 1997 entitled the Energy Law.
- Act of 27 April 2001 entitled the Environmental Protection Law.
- Act of 29 January 2004 entitled the Public Procurement Law.
Furthermore, the Group’s companies operate on the basis of Corporate Governance Standards in Companies with the State Treasury’s Participation, in which the Minister of Energy exercises the rights attached to the shares, the Code of Best Practice for WSE Listed Companies and internal regulations such as the articles of association, strategies, instructions, bylaws, procedures, directives, etc., among others.