On 2nd June 2025, an initial meeting was held at the ŽPCG premises regarding the commencement of the third project task in collaboration with the European Bank for Reconstruction and Development (EBRD).
The meeting pertains to the implementation of the Corporate Governance Action Plan (CGAP). This task represents an important part of the overall project for the modernisation of ŽPCG and constitutes an integral part of the loan agreement with the EBRD. In accordance with the recommendations arising from a comprehensive analysis of the company's status, the EBRD has developed the CGAP with the aim of enhancing the institutional framework and business practices of the enterprise.
The action plan encompasses a series of measures aimed at strengthening internal controls and procedures, improving compliance with legislation, applying modern principles of corporate governance, as well as enhancing the work of the Board of Directors and the Audit Committee. Special attention will also be devoted to developing a more efficient and transparent reporting system.
The implementation of this plan represents a significant step towards aligning with international standards of corporate governance and further strengthening the capacity of ŽPCG for responsible and sustainable business operations.