Corporate governance defines the principles of Santander Bank Polska S.A.’s authorities and the operation of its systems and processes. It shapes exemplary relations with shareholders, customers and other stakeholders, and enhances the effectiveness of internal supervision, key internal systems and functions, and statutory bodies. The adopted principles emphasize the professionalism and ethical profile of the members of the management and supervisory bodies, transparency and utmost diligence in operations, which builds market confidence in the Santander Bank Polska Group and supports the sustainability and credibility of the domestic capital market.
The corporate governance applied at the bank is based on the provisions of the law (in particular, the Commercial Companies Code, the Banking Law and the regulations governing capital market operations), as well as on the principles included in the Good Practices of Companies Listed on the WSE, the Corporate Governance Principles for Supervised Institutions issued by the Financial Supervision Commission and the Code of Banking Ethics. The year 2022 was the first year in which the KNF’s Recommendation Z on internal governance principles in banks was in force. In order to fully implement its provisions, governance processes and principles were reviewed and supplemented, both at the bank and Group levels.