Kernel Holding S.A. is a public company registered in Luxembourg. Its shares are traded on the Warsaw Stock Exchange since 2007.

The Company adheres to the principles of Corporate Governance issued by Luxembourg Stock Exchange and the Best Practice for companies listed on the Warsaw Stock Exchange. The Company’s corporate governance framework is defined in the Articles of Association.

The Company’s board of directors is composed of eight directors, three of whom are independent.

 

AUDIT COMMITTEE

The board of directors has an audit committee, the primary function of which is to assist in monitoring the reliability and integrity of the financial information provided by the Company and in generally reviewing and assessing the auditing, accounting and financial reporting processes of the Company. The audit committee is composed of non-executive directors: Serhiy Shybaiev (chairman of the committee), Nathalie Bachich and Andrzej Danilczuk.

NOMINATION AND REMUNERATION COMMITTEE

The primary function of the nomination and remuneration committee is to assist the board of directors in establishing criteria and remuneration procedures for directors, in considering any remuneration for directors, and in considering any candidate for appointment or reappointment to the board of directors. The nomination and remuneration committee is composed of non-evecutive directors Andrzej Danilczuk (chairman of the committee), Nathalie Bachich and Andriy Verevskyi, chairman of the board of directors.

COMPANY’S AUDIT

The Company’s annual and consolidated accounts are certified by an external auditor appointed by the annual general meeting of shareholders. Deloitte Audit S.à r.l. has been the Company’s auditor since 2012.

For detailed information in respect to the Company’s corporate governance, please refer to the Articles of Association and the FY2017 Annual Report, or contact us at ir@kernel.ua.