LegalPCF Group
Statement of the Supervisory Board Regarding the Functioning of the Audit Committee
1 Apr 20252 pages~1 min full read
PCF Group S.A. has officially verified its compliance with Polish financial regulations regarding the establishment and operation of its Audit Committee for the fiscal period ending in early 2025.
The Supervisory Board confirmed that all Audit Committee members meet the legal criteria for independence as of April 2025.
Committee members possess verified expertise in accounting, financial auditing, and the specific operational requirements of the high-budget video game industry.
The Audit Committee is mandated to oversee financial reporting and risk management, ensuring integrity for shareholders and regulatory bodies within European capital markets.
The full Supervisory Board, consisting of the Chairperson and four members, has signed the statement to affirm collective responsibility for the company's corporate governance.
The Supervisory Board of PCF Group S.A., a prominent international game developer headquartered in Warsaw, confirms the company’s adherence to statutory requirements regarding the establishment and operation of its Audit Committee. This formal declaration serves as a compliance verification for the fiscal period ending in early 2025, ensuring that the corporate governance structures meet the rigorous standards set by Polish financial regulations. The primary objective is to validate that the internal oversight mechanisms are functioning in accordance with the legal framework governing public issuers of securities.
The findings confirm that the Audit Committee is composed of members who satisfy all legal criteria for independence. Furthermore, the board verifies that the committee members possess the necessary technical expertise, specifically regarding accounting practices, financial auditing, and specialized knowledge of the video game industry. This dual requirement ensures that the committee can effectively oversee financial reporting and risk management within the specific context of high-budget software development and global publishing.
The scope of this assessment covers the internal administrative functions of PCF Group S.A. as of April 2025. By certifying that the committee has performed all duties mandated by current law, the Supervisory Board provides assurance to shareholders and regulatory bodies regarding the integrity of the company’s financial oversight. The statement is signed by the full board, including the Chairperson and four members, reinforcing the collective responsibility for maintaining transparent corporate governance and regulatory compliance within the European capital markets.
