Gender parity and diversity
Pursuant to “The Code of Best Practice for WSE Listed Companies” (part 2, section 1, item 2a), Serinus Energy (“Company”) informs that from the date of admitting the Company’s shares to trading on the Warsaw Stock Exchange (GPW), i.e. May 18th, 2010, the Company’s Board of Directors as well as the Company’s Management were composed of men exclusively.
On January 1, 2014 a woman appointed as the Company’s Chief Financial Officer joined the Management of Serinus Energy. As of December 2014 the share of women in the Board of Directors was 0%, in the Management was 12.5%. As of December 2015 and December 2016 the share of women in the Board remains unchanged while the share in the Management was 16.7% and 33.3% respectively (this is related to the change in the number of members of the Management).
The Company does not have a formal diversity policy. Each year, the Compensation & Corporate Governance Committee reviews the general and specific criteria applicable to candidates to be considered for nomination to the board of directors. The Committee aims to maintain the composition of the board of directors in a way that provides the best mix of skill and experience to guide the Corporation’s long-term strategy and ongoing business operations. The board of directors has not adopted a written policy or set targets for identifying and nominating female directors or executive officers, When considering candidates to fill vacancies, the review takes into account diversity and personal characteristics such as age, gender, cultural and educational background in addition to ensuring the board of directors and executive management have the proper skills and experience to be effective.