No notes
Basket is empty
Send to printer



We want all of the Company's activities to be managed effectively so as to meet our stakeholders' expectations.

JSW Group applies the highest standards and best practices in transparency and corporate governance. It is aware of the need to implement solutions for management of ethics and responsibility in the supply chain. Implementing these solutions enhances credibility amongst both business partners and within the investor community, making the Group more stable and predictable in terms of business risk management.

JSW Group has internal documents that address relations between Group entities and set out basic rules for owners’ supervision. These are:

  • JSW Group’s Code, which defines the Group’s common interest. Provisions that constitute the basis for introducing harmonised procedures and policies are used the most frequently.
  • JSW Group’s Rules for Owners’ Supervision, which regulate the way corporate oversight is exercised by JSW over its subsidiaries, set out rules for cooperation between JSW and its subsidiaries’ organs.

These documents constitute a set of rules for shaping and observing corporate governance, intended to deploy an effective business model and in effect maximise the Group’s value. Regulations created on the basis of code provisions concerning rules for cooperation in management areas and detailed implementation procedures by increasing the Group’s management efficiency and effectiveness make it possible to streamline the process of achieving its shared objective.

Works are currently in progress on implementing new management rules for Group companies, based on three complimentary pillars that function together without a hierarchical dependence.

zarz1 zarz1

JSW'S basic management rules and changes thereto

JSW is a multi-site enterprise consisting of four hard coal mines organised into separate sites, a production support site and a management board office. Internal organisation of the Company’s sites is specified in separate organisational regulations and organisational schemes.

Organizational Chart as at 31 December 2018

zarz2 zarz2

In accordance with the Articles of Association of JSW, the Company’s governing bodies are the Management Board, the Supervisory Board and the Shareholder Meeting. The powers of JSW’s governing bodies stem from the provisions of the Commercial Company Code and the Articles of Association of JSW. The powers of the Company’s individual governing bodies are defined in:

  • Management Board – Management Board Bylaws,
  • Supervisory Board – Supervisory Board Bylaws,
  • Shareholder Meeting – Shareholder Meeting Bylaws.

The most important changes in the Company’s organization in 2018 were introduced pursuant to resolutions adopted by the Management Board and concerned:

  • the directional decision to establish the JSW “Bzie-Dębina under development” Mine,
  • the update of Framework Mine Organization Charts and the Rules and Regulations and Organization Chart of the Management Board Office and the Production Support Unit, to the extent necessary to adapt them to the changing legal regulations and market conditions.

Moreover, after the end of the reporting period, the Management Board made a decision to introduce an amendment to the JSW’s Rules and Regulations and Organization Chart involving, among others, establishment of the “Bzie-Dębina under development” Coal Mine. The Supervisory Board has issued a positive opinion on the Rules and Regulations and the JSW Chart incorporating these changes.

  • [G.2.1.]

Introducing consistent risk management standards at the Group is aimed at maintaining risk within the set boundaries and ensuring that business objectives are achieved, while maintaining the Group’s security. The enterprise risk management process is inspired by solutions based on best practices, i.e. ISO31000, COSO II, FERMA as well as the specific nature of the Group. A uniform enterprise risk management system encompasses risk identification and assessment, development and implementation of risk response plans, monitoring and reporting on risk management performance.

This policy in the context of risk refers to social responsibility, which is a fundamental matter. Responsibility for internal and external environment is included in the Group’s decision making processes. This approach, taking into account the non-financial consequences of decisions, applies to enterprise risk management.

JSW’s internal audit function operates on the basis of JSW’s Internal Audit Regulations, adopted by JSW’s Management Board and Supervisory Board.  This sets out rules, authority and responsibility and ways to exercise the internal audit function at JSW. The Regulations also specify where the office responsible for implementing the function and internal audit tasks is placed within JSW’s organisational structure.

  • [G.2.2.]

Certified management systems are implemented at JSW and a number of Group companies. The following certified integrated management systems are in place at JSW:

  • Environmentalin line with ISO 14001 requirements
  • Quality in line with ISO 9001 requirements
  • Occupational Health and Safety – in line with PN-N – 18001 requirements;
  • Information Security – in line with ISO 27001 requirements;

for: extraction, processing and sale of coal.

The system includes targets related to quality, environmental targets and tasks, general and detailed targets for occupational health and safety as well as targets, plans and precautions for information security. Appropriate financial, human and organisational resources are in place to maintain and continuously improve the Integrated Management System and pursue its targets.

sa sa

The main objectives of the Integrated Management System include:

  • ensuring, in a documented manner, that product quality requirements in processes are complied with at all stages, while ensuring compliance with requirements regarding environmental protection and occupational health and safety,
  • minimising the potential for any product non-compliance,
  • detecting and removing the effects of and reasons for disruptions in processes as early as possible by implementing corrective and preventive measures,
  • reducing negative impact on the environment,
  • continuously enhancing employee safety,
  • protecting JSW’s information resources and information processing measures,
  • ensuring data protection and continuity of business processes,
  • strengthening JSW’s position as solid partner clearly differentiating itself from other coal companies and building its eco-friendly image.
  • [G.2.3.]

JSW’s internal control system operates on the basis of JSW’s Internal Control System Regulations. This is a set of regulations and rules constituting the basis for developing and using an internal control system at JSW in accordance with §31 1 of JSW’s Articles of Association.

Search results: