ENEA Group's new DNA

ENEA Group completed the reconstruction of its corporate governance. The process lasting for over a year was completed with the today's supplementation of the existing structure with new Committees and Management Departments. It means that the efficient, modern and effective Group management model is fully operating. Its most important goal is to facilitate the decision making process and building a homogeneous economic body.

Changing the corporate governance, i.e. the individual DNA code of the Group, results from the Group's corporate strategy. It foresees e.g. optimum use of human labour and potential, which is in the organisation. The foundation of the new governance is ENEA's Code, the corporate "constitution" adapted a year before. It foresees e.g. a common goal for all the companies and their Employees. 

"Thanks to the transfer by the Board of ENEA S.A. of some competencies to Committees and establishment of technical Departments, we facilitate the decision making processes, shorten the flow of information, and as a consequence we operate more flexibly, effectively and realise our common goals more efficiently. The new corporate governance will strengthen the position of ENEA on the competitive market and will contribute to the stronger integration of our companies" – emphasises Pweł Orlof, Vice-President of ENEA S.A. for Corporate Affairs.

The new structure of the decision making process in key areas is composed of six Committees: 

• Management Committee guarantees support in governance management of subsidiaries; 
• Dół formularza
• Compliance Committee takes care for the compliance of made decisions with the Group's Code and Corporate Strategy; 
• Investment Committee manages the key material investments and capital expenditures in the Group;
• Trade and Promotion Committee deals with the management of trade, promotion and marketing;
• Finance and IT Committee supports ENEA S.A.'s Management Board in the decision making process relating to finance management and a widely understood field of information technology;
• Risk Committee minimises the business risks, both those connected with the implementation of ambitious strategic goals and the day to day operations.

From today all the Management Departments operate which were foreseen for establishment. Their task is a faster, more effective and more flexible management of particular functions in the Group companies and a more efficient realisation of the made decisions. The structures cover units in various Group companies responsible for a given business area.

• Audit Department assesses the internal processes as for their compliance with relevant standards, procedures and legal regulations; 
• Safety and Legal Service Department is responsible for the legal area and safety field; 
• Communication Department performs the common communication of the Group within promotional, image and media operations;
• Purchase Department optimises the purchase and logistic processes, with a particular inclusion of a greater role of the Group companies in these processes;
• HR Department realises a coherent staff policy, taking into account the competence and professional development of Employees in all the Group companies.

Works on the new corporate governance model commenced in July 2013. Already on 9 September 2013 the Board of ENEA S.A. approved the Code of ENEA Group, which is its "constitution".  On the same day ENEA Group was established as well consisting of ten key companies. Subsidiaries' statutes and articles of association were changed, and the first Committees of ENEA Group were established at that time: within Management, Compliance and Investment. On 1 May 2014 in connection with the implementation of relevant procedures, the Committees commenced operations in the full spectrum of their competencies. In July 2014 the Board of ENEA S.A. adopted a resolution in which it presented the final list of Committees of ENEA Group and the new list of Management Departments.

ENEA is one of the leaders of the Polish energy market. It belongs to the group of the largest Polish enterprises and the strongest brands. It is the first Polish energy company, which debuted on the Warsaw Stock Exchange in 2008. The Group integrates the areas of generation, distribution and sales of energy. It sells over 12% energy used in Poland, and almost 8% of the Polish production comes from its power plants. The distribution network belonging to ENEA covers 20% of Poland and allows to guarantee reliable supplies of energy to citizens of the north-western part of the country. ENEA employs over 10 thousand specialists who ensure the energy security and the highest quality of services in the group of over 2.4 mln Customers.