Remuneration

Remuneration of Management Board members

Total gross remuneration understood to include salaries, bonuses and benefits received in cash, in kind or in any other form, due or paid out by the company to Management Board members in 2014 was PLN 7,440,000.

The remuneration model for Management Board members is based on a two-component remuneration system entailing a fixed component (monthly salary) and a variable performance-related component (task performance).

Management Board members do not have an equity-based incentive program, nor do they receive remuneration or bonuses for performing functions in the corporate bodies of the TAURON Group’s subsidiaries.

The remuneration of members of the company’s Management Board in 2014, broken down into components, is presented in the table below.

Remuneration paid to Management Board members in 2014 broken by component (PLN ‘000)

Name Period in office in 2014 Salary* Bonus* Other benefits* Total
1. Dariusz Lubera January 1, 2014 – December 31, 2014 1 044 657 211 1 912
2. Aleksander Grad February 11, 2014 – March 16, 2014

**March 17, 2014 – December 31, 2014

801 175 87 1 063
3. Katarzyna Rozenfeld March 17, 2014 – December 31, 2014 714 132 72 918
4. Stanisław Tokarski March 17, 2014 – December 31, 2014 714 132 99 945
5. Krzysztof Zawadzki January 1, 2014 – December 31, 2014 924 507 140 1 571
6. Joanna Schmid January 1, 2014 – March 17, 2014 189 203 64 456
7. Dariusz Stolarczyk January 1, 2014 – March 17, 2014 227 270 78 575
Total   4 613 2 076 751 7 440
* Excluding additional expenses (payroll-related expenses)
** Period of delegating a Supervisory Board member, Aleksander Grad, to perform temporarily the duties of Vice President of the Management Board.

 

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Letter from the President of the Management Board [43KB PDF]Open
Auditor's Opinion [477KB PDF]Open
Consolidated annual report for the year 2014 [3MB PDF]Open
Standalone annual report for the year 2014 [1MB PDF]Open
Quarterly Reports 2014 [4MB ZIP]Open
Consolidated annual report for the year 2013 [4MB PDF]Open
Consolidated annual report for the year 2012 [8MB PDF]Open
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FY 2014 Selected figures [24KB XLSX]Open
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