Corporate governance
The Podravka Group is led by the parent company Podravka d.d. as the sole owner of the majority of affiliated companies, ensuring stability and strategic direction of the entire Group.
The Management Board of Podravka d.d. consists of a President and four members appointed by the Supervisory Board.
The President and members of the Management Board are appointed for a term determined by the Supervisory Board (up to five years) and may be reappointed. The term begins on the date of appointment. Members of the Management Board manage the Company’s operations. The method of work of the Management Board and the distribution of responsibilities among its members are regulated by the Rules of Procedure of the Management Board.
The Supervisory Board has nine members, eight of whom are elected at the General Assembly by a three-quarters majority of the votes cast, while one member is appointed by the Company’s Works Council in accordance with the Labour Act.
To improve corporate governance and business transparency, three subcommittees of the Supervisory Board have been established:
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Audit Committee – appointed as an advisory body providing support for effective corporate governance at Podravka d.d., particularly through detailed analysis of financial statements, support to the Company’s accounting, and establishing strong internal controls.
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Remuneration Committee is responsible for proposing the remuneration policy of the Management Board and objective criteria for assessing business performance, which serves as the basis for rewarding the Management Board, aligned with the long-term interests of shareholders and the Company’s goals set by the Supervisory Board.
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Nomination Committee is responsible for overseeing the selection process of Supervisory Board members and the appointment of Management Board members, as well as identifying and recommending suitable candidates to the Supervisory Board.
The right to participate and exercise voting rights at the General Assembly belongs to shareholders registered in the computer system of the Central Depository & Clearing Company (SKDD) who register for participation no later than seven days before the General Assembly.
The General Assembly may validly pass resolutions if at least 30% (thirty percent) of the total number of voting shares are represented. The General Assembly is chaired by its President, appointed by the Supervisory Board upon proposal of the Management Board.
All key and publicly available documents related to the business operations of the Podravka Group.
