LegalPCF Group
Informacja na temat stanu stosowania przez spółkę zasad zawartych w Zbiorze Dobre Praktyki Spółek Notowanych na GPW 2021
4 Jan 20239 pages~38 min full read
PCF Group S.A. (People Can Fly) is largely compliant with the 2021 GPW Best Practice standards, maintaining high transparency through bilingual broadcasts and electronic participation in general meetings.
See it on page 1The company has recently established an internal audit function and committed to a five-year external audit cycle to strengthen its governance framework.
See it on page 6PCF Group does not currently integrate ESG strategies into its formal business model, citing the low environmental impact of its software development operations as the primary justification.
See it on page 1Management and Supervisory Board recruitment prioritizes professional qualifications over formal diversity metrics, as the company has opted against implementing structured gender or age-based diversity policies.
See it on page 3Executive remuneration for the Supervisory Board is decoupled from short-term financial performance to ensure independence.
See it on page 4The company manages related-party transactions through internal Supervisory Board oversight rather than requiring mandatory General Meeting approval for all such dealings.
See it on page 8Future reporting cycles are expected to address current gaps in formalized risk and compliance department structures.
See it on page 5PCF Group S.A., operating as People Can Fly, maintains a high level of transparency and shareholder engagement while navigating the transition toward full compliance with the Best Practice for GPW Listed Companies 2021. As of early 2023, the AAA game developer adheres to the majority of governance standards regarding board independence, internal systems, and shareholder relations. The company facilitates electronic participation in general meetings and provides bilingual broadcasts to ensure accessibility for its investor base. While it recently established an internal audit function and committed to a five-year external audit cycle, certain gaps remain in formalized risk and compliance departments, which the company intends to address in future reporting cycles.
The primary areas of non-compliance center on formalized ESG strategies and diversity policies. The company currently excludes environmental and social issues from its formal business strategy, arguing that its operations as a software developer have a relatively low environmental impact. Furthermore, the company has opted not to implement a structured diversity policy for its Management or Supervisory Boards, preferring to maintain flexibility in recruitment by prioritizing specialized professional qualifications over specific gender or age metrics. Despite the absence of a formal policy, the company emphasizes a commitment to gender pay equality and merit-based advancement.
Regarding executive compensation and related-party transactions, the company follows established standards for transparency and oversight. Remuneration for the Supervisory Board remains independent of short-term financial results, and procedures are in place for external valuations of significant transactions. Although the company’s statutes do not currently require General Meeting approval for all related-party transactions, it maintains rigorous internal oversight through the Supervisory Board. These governance practices reflect a balance between meeting the regulatory expectations of the Warsaw Stock Exchange and maintaining the operational agility required in the competitive global gaming industry.
