Policy on Gender Balance
Policy on Gender Balance and Diversity in the Governing Bodies of TORPOL S.A. was adopted by Resolution No. 7 of the Extraordinary General Meeting of TORPOL S.A. dated 23 October 2026.
The adoption of the Policy fulfils the obligations arising from the regulations on gender balance in the governing bodies of listed companies and constitutes an important element of TORPOL S.A.’s corporate governance.
The document sets out the principles for promoting diversity and gender balance on the Company’s Management Board and Supervisory Board, the rules governing the selection of candidates for the Company’s governing bodies, measures supporting employees’ professional development, and the method for monitoring the achievement of objectives arising from applicable law.
Information on the applicable legislation and penalties
The provisions on gender balance in the governing bodies of listed companies were introduced by the Act of 3 July 2026 amending the Act on Public Offering and the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies, and the Act on the Implementation of Certain European Union Provisions on Equal Treatment, which transposed Directive (EU) 2022/2381 of the European Parliament and of the Council on improving the gender balance among directors of listed companies.
The legislature has required companies falling within the scope of the regulations to:
- ensure gender balance in the company’s governing bodies;
- apply transparent, objective and non-discriminatory rules for selecting candidates for the company’s governing bodies;
- prepare annual reports on the representation of each gender in the company’s governing bodies and on the measures taken to achieve gender balance;
- publish the required information on the company’s website.
Administrative penalties
If the obligations set out in Article 90ge and Article 90gi(1) of the Act on Public Offering are not performed or are performed improperly, the Polish Financial Supervision Authority may issue recommendations to the company aimed at bringing the infringement of those obligations to an end.
Furthermore, pursuant to Article 96e(2) of the Act on Public Offering, the Polish Financial Supervision Authority may impose a fine of up to PLN 500,000 on the company.
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