Audit Committee

Within the Supervisory Board of Netia SA operates a collective advisory and opinion forming body in form of standing Audit Committee, whose members are elected by the Supervisory Board from among its members.

Members of the Audit Committee:
Mr. Przemysław Głębocki
Mr. Stefan Radzimiński
Mr. Grzegorz Zambrzycki

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The duties of the Audit Committee include advising the Supervisory Board on issues of proper implementation of the budget and financial reporting standards and internal audit of the Company and the capital group (as defined in the Accounting Act dated 29 September 1994, as amended), and the cooperation with the statutory auditors of the Company.

In this regard, on October 29, 2010, the Audit Committee approved the following policy concerning the selection and rotation of auditors:
1. An audit firm should not be contracted for longer than four years.
2. The audit firm should be rotated at least every seven years.

Update as of June 22, 2015