CORPORATE WEBSERVICE

corporate governance of yolo s.a.

Since 1st January 2013 YOLO S.A. has been following the Best Practice of GPW Listed Companies. The current benchmark for the Company is the amended code of corporate governance “Best Practice of GPW Listed Companies 2016” adopted by the Warsaw Stock Exchange on 13th October 2015.

change of the entity responsible for statutory audit of Company’s financial statements

On 28th November 2017 the Audit Committee of Company’s Supervisory Board adopted “The regulations and policy on selection of an entity responsible for audit of company’s financial statements and rendering non-audit services to the company by the audit firm”.

In accordance with the adopted policy, selection of the audit firm is made with consideration of the rotation principle of an audit firm and a key audit partner in order to ensure that the maximum period of continuous provision of audit services rendered by the same audit firm does not exceed the limits provided by the law.

DIVERSITY POLICY

The Company has not prepared any official document regarding diversity policy in terms of the statutory bodies of YOLO S.A. or its top management. Any decisions relating to HR issues, including employment, promotions and remuneration, are driven by current needs of the Company, which are reflected in professional experience, skills and education required from candidates. Age or gender are not the meaningful factors in the above consideration.

INFORMATION ON GENDER PARTICIPATION IN THE STATUTORY BODIES OF THE COMPANY

The Management Board – no. of man: 3, no. of women: 0.
The Supervisory Board - no. of man: 5, no. of women: 0.