Amendment to the Commercial Companies Code, Part 2. Increased competence of supervisory boards and other changes to operation of capital companies
On 4 April 2022, the President of Poland signed an act amending the Code of Commercial Companies and some other acts (“Amendment”), which is going to take effect on 13 October 2022. In addition to the notion of a “group of companies” introduced to the Polish legal order, the amendment also provides for some material changes to the operation of capital companies, including increased competence of supervisory boards. Presented below is a brief description of changes implemented by the amendment.