On August 3, 2020, the District Court for the Capital City of Warsaw officially registered amendments to the Articles of Association for PlayWay S.A. following a June 15, 2020, resolution.
See it on page 1The Supervisory Board was expanded to a flexible size of five to seven members, with the exact number to be determined by the General Meeting.
See it on page 1The Supervisory Board gained the authority to co-opt new members via resolution if the board size drops below the legal minimum, pending subsequent General Meeting approval.
See it on page 1Corporate governance was modernized to allow remote participation, enabling Supervisory Board members to vote via electronic platforms or in writing, including for secret ballots.
See it on page 1General Meetings can now be held at the company’s headquarters in Hornówek or at the seat of the stock exchange, increasing geographical flexibility.
See it on page 1The Supervisory Board’s formal responsibilities were expanded to explicitly include the selection of audit firms for both individual and consolidated financial statements.
See it on page 2This regulatory notification details the formal registration of amendments to the Articles of Association for PlayWay S.A., a prominent Polish video game developer and publisher. The changes were officially registered on August 3, 2020, by the District Court for the Capital City of Warsaw, following a resolution passed during the Ordinary General Meeting on June 15, 2020. These updates primarily focus on modernizing corporate governance structures and enhancing operational flexibility for the company’s governing bodies.
Key structural changes include the expansion of the Supervisory Board, which is now defined as consisting of five to seven members, with the specific number determined by the General Meeting. A significant procedural addition allows the Supervisory Board to co-opt new members via resolution if the board's size falls below the legal minimum during a term, subject to later approval by the General Meeting. Furthermore, the amendments broaden the geographical scope for hosting General Meetings, permitting them to take place at the company’s headquarters, in Hornówek, or at the seat of the stock exchange.
The amendments also introduce comprehensive provisions for remote governance. Members of the Supervisory Board are now explicitly permitted to participate in meetings and cast votes using means of direct remote communication. This includes the ability to adopt resolutions in writing or via electronic platforms, even for matters requiring a secret ballot, provided no member objects. These updates reflect a shift toward digital integration in corporate administration, ensuring that the company can maintain legal and operational continuity through remote decision-making processes. Finally, the board's responsibilities were clarified to include the selection of audit firms for both individual and consolidated financial statements.
