"PETROLCHEM" sp. z o.o.

The Board consists of one to three members appointed and dismissed by resolution of the general meeting of shareholders for an indefinite time. in the case of group board, one of its members is appointed as chairman of the board, and the other as vice-presidents; or board members. in the case of appointment to the group board make declarations of will and sign on behalf of the company is required for two members of the board or one board member jointly with a proxy. Each member of the management board may conduct yourself matters not exceeding the normal activities of the company. In all matters beyond the scope of ordinary activities of all members of the board decide taking resolutions by an absolute majority of votes. In case of equality of votes, the vote of the chairman of the board.