Remuneration
Remuneration of supervisory board members
The rules governing the determination of remunerations of the Supervisory Board Members have been adopted by way of a decision made by the JSW Extraordinary Shareholder Meeting, in compliance with the regulations laid down in the Act on the Rules for Shaping the Compensation of Persons Managing Certain Companies. The monthly compensation of Supervisory Board Members is set as the product of the average monthly salary in the corporate sector net of profit-sharing in the fourth quarter of the previous year, as announced by the President of the Central Statistical Office [GUS] and the following multiplier:
- 1.2 – for the Supervisory Board Chairperson,
- 1 – for the other Supervisory Board members
Supervisory Board Members are entitled to receive remuneration regardless of the number of meetings convened. Supervisory Board Members are not entitled to any remuneration for the month in which they did not attend any of the correctly convened meetings and their absence was not excused. The Supervisory Board decides by way of a resolution whether the absence of a Supervisory Board Member at a meeting was justified or not. Supervisory Board Members shall be entitled to reimbursement of expenses incurred in connection with the participation in the works of the Supervisory Board.
Remuneration for the Supervisory Board in 2017 (PLN)
| FIRST AND LAST NAME | PERIOD IN OFFICE | REMUNERATION | OTHER INCOME | TOTAL |
|---|---|---|---|---|
| Daniel Ozon* | 08.09-08.09.2017 | - | - | - |
| 07.06-07.06.2017 | ||||
| 01.01-06.03.2017 | ||||
| Eugeniusz Baron | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Halina Buk | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Robert Kudelski | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Krzysztof Kwaśniewski | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Tomasz Lis | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Antoni Malinowski | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Alojzy Zbigniew Nowak | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Andrzej Palarczyk | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Adam Pawlicki | 01.01.-31.12.2017 | 52845.4 | - | 52845.4 |
| Jan Przywara | 01.01.-02.10.2017 | 39918.1 | - | 39918.1 |
| Razem | 515526.4 | - | 515526.4 |
* Mr. Daniel Ozon, on the basis of the representation of 8 August 2016, renounced his right to collect remuneration for discharging the function of JSW Supervisory Board Member and the right to collect any amounts due on account of domestic and foreign business trip as of the date of his appointment to the position of Supervisory Board Member.
Remuneration for the Supervisory Board in 2016 (PLN)
| FIRST AND LAST NAME | PERIOD IN OFFICE | REMUNERATION | OTHER INCOME | TOTAL |
|---|---|---|---|---|
| Józef Myrczek | 01.01.-03.08.2016 | 30377.0 | - | 30377.0 |
| Eugeniusz Baron | 01.01.-31.12.2016 | 51364.7 | - | 51364.7 |
| Antoni Malinowski | 01.01.-31.12.2016 | 51364.7 | - | 51364.7 |
| Alojzy Nowak | 01.01.-31.12.2016 | 51364.7 | - | 51364.7 |
| Stanisław Kluza | 01.01.-05.02.2016 | 5018.4 | - | 5018.4 |
| Andrzej Palarczyk | 01.01.-31.12.2016 | 51364.7 | - | 51364.7 |
| Robert Kudelski | 01.01.-31.12.2016 | 51364.7 | - | 51364.7 |
| Agnieszka Trzaskalska | 01.01.-17.08.2016 | 32310.0 | - | 32310.0 |
| Izabela Felczak-Poturnicka | 01.01.-05.08.2016 | 30653.1 | - | 30653.1 |
| Przemysław Cieszyński | 01.01.-06.10.2016 | 39352.0 | - | 39352.0 |
| Jan Przywara | 01.01.-31.12.2016 | 51364.7 | - | 51364.7 |
| Krzysztof Dresler | 01.01.-05.02.2016 | 5018.4 | - | 5018.4 |
| Daniel Ozon* | 04.08.-31.12.2016 | - | - | - |
| Robert Ostrowski | 05.02.-08.02.2016 | 728.5 | - | 728.5 |
| 09-05-2016 | ||||
| Krzysztof Mysiak | 05.02.-08.02.2016 | 728.5 | - | 728.5 |
| 09-05-2016 | ||||
| Halina Buk | 05.08.-31.12.2016 | 20849.6 | - | 20849.6 |
| Adam Pawlicki | 05.08.-31.12.2016 | 20849.6 | - | 20849.6 |
| Krzysztof Kwaśniewski | 05.08.-31.12.2016 | 20849.6 | - | 20849.6 |
| Tomasz Lis | 30.12.-31.12.2016 | 276.2 | - | 276.2 |
| Total | 515199.0 | - | 515199.0 |
* Mr. Daniel Ozon, on the basis of the representation of 8 August 2016, renounced his right to collect remuneration for discharging the function of JSW Supervisory Board Member and the right to collect any amounts due on account of domestic and foreign business trip as of the date of his appointment to the position of Supervisory Board Member.