Updated Mar 17, 2026 by PlayWay
PlayWay S.A. updated its Articles of Association following the June 30, 2023, Ordinary General Meeting to refine corporate governance and operational oversight.
The Supervisory Board is now required to convene at least once every quarter, an increase from the previous mandate of three meetings per year.
The Supervisory Board has been formally empowered to set a maximum annual budget for external advisors to balance independent expertise with fiscal control.
Transactions between PlayWay S.A. and its parent, subsidiary, or affiliated entities that exceed 10% of total assets are now exempt from requiring explicit Supervisory Board consent.
The 10% asset threshold for related-party transaction exemptions is calculated based on the company's most recently approved financial statements.
These statutory amendments are designed to align internal regulations with broader commercial code requirements while streamlining financial operations within the company ecosystem.
PlayWay S.A. updated its Articles of Association following the June 30, 2023, Ordinary General Meeting to refine corporate governance and operational oversight.
The Supervisory Board is now required to convene at least once every quarter, an increase from the previous mandate of three meetings per year.
The Supervisory Board has been formally empowered to set a maximum annual budget for external advisors to balance independent expertise with fiscal control.
Transactions between PlayWay S.A. and its parent, subsidiary, or affiliated entities that exceed 10% of total assets are now exempt from requiring explicit Supervisory Board consent.
The 10% asset threshold for related-party transaction exemptions is calculated based on the company's most recently approved financial statements.
These statutory amendments are designed to align internal regulations with broader commercial code requirements while streamlining financial operations within the company ecosystem.