Kernel Holding S.A. is a public company registered in Luxembourg. Its shares are traded on the Warsaw Stock Exchange since 2007.
The Company complies with most of the provisions of the code of corporate governance “Best Practices of WSE Listed Companies 2016” (statement of compliance). Following the entry into force of the Best Practice for GPW Listed Companies 2016, the Board of Directors of the Company has adopted the recommendations and principles specified in the aforementioned document, except for the recommendations included in items IV.R.2 and the detailed principles included in items I.Z.1.16, I.Z.1.20, IV.Z.2, VI.Z.4. At the same time, the Board of Directors decided that the recommendations and detailed principles, marked as items II.Z.11, III.Z.6. and IV.R.3 do not apply to the Company.
Additionally, the Company voluntarily complies with most of the provisions of the “X Principles of Corporate Governance of the Luxembourg Stock Exchange”. The Company complies with the corporate governance principles contained in the last published annual report. The Company’s corporate governance framework is defined in the Articles of Association and the Corporate Governance Charter.
The Company constantly strives to maintain a high level of gender, education, age, and professional experience diversity within its governing bodies, understanding the vital role of the diversity in maximizing shareholders’ value. The diversity was further strengthened during last several years/. Kernel closely follows the principles of diversity declared in numerous internal company’s documents and company’s Equality, Diversity and Inclusion Policy (EDI).
The Company’s board of directors is composed of eight directors, three of whom are independent.