Good morning, ladies and gentlemen. I believe that we are all here and we are on time, perhaps we can start the general meeting of shareholders of Bank Polska Kasa Opieki Spółka Akcyjna. My name is Ryszard Kaczoruk. I am the secretary of the supervisory board of PKO S.A. Right now, I would like to open the general meeting of shareholders of Bank Polska Kasa Opieki Spółka Akcyjna convened today by the management. I'd like to welcome everybody present here, the shareholders, the plenipotentiaries, the members of supervisory board, the members of the experts, the representatives of the audited company, KPMG, the representatives of the media, all our guests that accepted the invitation to take part in the ordinary general meeting.
Before I move on to electing the chairperson of the meeting, I would like ask the representative of Unicom company to give us the instruction as regards the manner of voting.
Good morning, ladies and gentlemen. I would like to remind you how to use your tablets. You can see the first screen at your disposal. You have two parts, you can check all the data of the shareholders that you represent. Then you can see the next one, Documents. You can see all kind of draft resolutions, projects, and other documents published by the company related to today's meeting. When it comes to the voting, once the voting is ordered, you can see the decision-making buttons. First of all, you have to make a decision that you want to adopt during the voting.
Once you made your choice, information is displayed what your decision is, and later on you can see the button Confirm. You have to confirm your decision and cast your vote. Please use the button saying Confirm in order to cast your vote. Hopefully, you have used this technique on many occasions before, and it will not be troublesome. Should you have any problems of technical nature during the entire time of meeting, we are present here, and we are more than happy to come to your rescue. Thank you.
Thank you very much. I hope that everything is clear. Should you have any doubts or question, we are here present and ready to offer you instructions. Let's move to the second point on our agenda, electing the chairperson of the ordinary general meeting. Here, a candidacy was submitted to me by Mr. Radosław Kwaśnicki.
Do we have any other candidates? I can't see any other candidates. One hand has been raised. The floor is yours.
Good morning. My name is Dariusz Kiziukiewicz, and I am a minority shareholder. I used to be an employee of PKO S.A., the bank decided to terminate my employment in an unfounded manner. Do I have to introduce myself? Well, did you introduce yourself? I would like to ask you to introduce yourselves before we commence this general meeting. This is a true festivity for the bank. I would like all the members of the supervisory board and the management to introduce themselves. Me, personally, as a minority shareholder, I would like to familiarize myself with you, your image. Let's move on to the question to the candidate for the chairperson. It is as follows.
This candidate was submitted by PZU, the main shareholder of an allegedly Polish company. I don't want to offend anyone. Please do not interrupt me. My question is as follows. You, as a chairperson of the ordinary general meeting, are you going to allow any discussion after the report is presented? Discussion that will allow the following. A shareholder can ask questions to the President of the Supervisory Board and the Chief Executive Officer, and the answer will be provided during the general meeting of shareholders. I hope that both Mr. Leszek Skiba as well as the President of the Supervisory Board are ready. We became familiar with all the reports, and we can see your signatures under the reports. Questions will pertain only and exclusively to the reports or events that took place in the year 2021.
This is a question to the chairperson. Actually, to the candidate for the chairperson of the general meeting. I'm not sure if the candidate is authorized to talk about it before being officially elected. Thank you very much in advance. Thank you so much. As a candidate for the chairperson, let me confirm that if I am elected, I will conduct the meeting of this general meeting in accordance with the effective regulations as well as internal rules and regulations of the company. One more question. Excuse me. If I may, I would like to ask the candidate if he wishes to give your approval for being a candidate. Yes, I do. I give my consent. At the beginning, I would like to conclude the list of the candidates if we are to move to the voting. If Mr. Candidate is willing to address this question, please do so.
If not, we'll go on. Let's conclude this. In accordance with Article 420 of the Commercial Companies Code, this voting will be secret. The draft resolution is also available, and all the material is available on the internet site. I would like to open this secret voting when it comes to electing Mr. Kwaśnicki as the chairperson of our meeting. Was everybody successful in voting? Can we conclude the voting session? If you wanted to exercise your right of vote, were you able to do it? Is there anybody unable to exercise? No. Okay. I would like to close the voting, and please submit the results of the voting. As I understand, the results will also be displayed. Thank you. Okay. I just received the information that we also take into account all the shareholders voting online.
Valid votes cast, 173,166,228 valid votes out of 220 million or more, constituting 65.9% of the starting capital. As for the voting, positive, 173,135,093 votes, and negative, 30,030,028 votes. Abstained, 847,000. 173,166,268 votes were cast altogether. I would like to decide that the resolution has been adopted. I would like to give the floor to the new chairperson of the ordinary general meeting of shareholders. The floor is yours. Thank you.
Good morning, ladies and gentlemen. Thank you so much for electing me as the chairperson of the ordinary general meeting of shareholders today. Before we move on to our debate, according to the agenda that has been announced, several technical and organizational issues. Information on shareholders present here online and offline personally. Ladies and gentlemen, let me announce that we have 627 present. These are people entitled to all their shares.
That's 65.67% of shareholders, and the shareholders, as I mentioned, are present both personally here on-site as well as they are represented here on the premises by their representatives, plenipotentiaries, as well as we have shareholders taking part in the meeting online remotely. Let me confirm that today's meeting has been convened formally in accordance with the officially effective regulations as well as the provisions of the statute of the company, and it is all available on the internet site. Also, the current report 9, 2022 as of the 9th of May of the current year. Let me also indicate that Zakład Ubezpieczeń SA submitted draft resolutions when it comes to point 9 and 15 of the agenda. Current report 10, 2022, the 2nd of June, 2022, as well as report 12, 2022, the 10th of June, 2022.
Those draft resolutions were published on the internet website of the company together with all the materials for the meeting today. They are available, they will continue to be available, in all the devices that you received for votes. Bearing in mind all the information presented for the shareholders, bearing in mind the paragraph two, point 10 of the associations of the company, let me inform you that this meeting is entitled to take all the decisions according to the agenda. As the shareholders, I would like to apply for the consecutive votings to be done a secret ballot voting. I will not read out the content of the resolutions that have been published, announced, and they are still available on the devices that were distributed. Let me sign off the list of participants. Let me move on to proceed with the agenda.
Point number four, let me announce the voting for the resolution about the adopting of agenda of the ordinary general meeting of shareholders of Bank Polska Kasa Opieki Spółka Akcyjna. I'm not yet opening the voting on resolution number two. We have the comment from the room. We have two comments from the room. Dariusz Kiziukiewicz. Minority shareholder.
I have a formal request, formal motion. Let me start with the first one, formal one. I would like to ask Mr. Chairman to vote on my motion to extend the agenda by adding point 7A, discussion on the reports starting from point 5 through point 7 of the given agenda. So discussion on the reports by the President of the Board. Thank you very much.
We have the motion to extend the agenda. Yet another motion, please present yourself and let us know whether you come up with the formal motion.
Janusz Szarek. I'm representing KS Investments Spółka Z. O.O. I have a question. Does the draft resolution for one of the points on the agenda can be actually raised here or before we vote on a given point?
When I announce actually the given item on the agenda, you will get time. Thank you very much. Any other issues? First, please present your motions. Let me open the list of the motions. Anything that you would like to raise shall be raised now. We are on the point four on the agenda, adopting of the agenda.
I would like to submit the formal motion. I ask Mr. Chairman to vote on it. The request is that after the presentation of the report of Supervisory Board, we should add the point "Discussion on the report of Supervisory Board" in the form of item number nine, or whatever you call it, but I want actually to have a discussion on the report of Supervisory Board. As a shareholder, I have questions at Supervisory Board members and the president of the board. I believe that this discussion will take place at this very meeting. This meeting, which is a celebration of Bank Pekao S.A. This is the only day when all stakeholders can meet. Stakeholders who not all of them actually are the shareholders.
Anything else?
Mr. Chairman, please behave in a way not to limit my freedom and civil rights as a shareholder.
Thank you very much for this statement.
Mr. Chairman, you have not answered my question.
Once we decide that we have all motions collected, let me now address the technical issues, bearing in mind that in the room we have plenty plenipotentiaries with many powers of attorney, and the voting will take a long time. Bearing in mind that some shareholders participate in this meeting remotely online, the voting will be open when I read out the number of the draft resolution. To make it clear, I will always read the whole title so that you're not confused what is the subject of the voting, but then we will have the voting officially open then. As all votings will be done as a secret ballot voting, I just want to draw your attention to the fact that if you feel discomfort casting your votes because you sit too close to other shareholders, please
Bear in mind, we have free chairs in the room on both sides of the room. You can relocate yourself. We have two formal motions raised. I read out the resolution draft that we are going to vote on. The voting is not open yet. I reject two formal motions, and I officially open the secret ballot voting on adoption of the agenda of the ordinary general meeting of shareholders of Bank Polska Kasa Opieki Spółka Akcyjna. Let me clarify one thing. Extension of the agenda would require the information in a proper mode. We would have to inform all the shareholders, and it is not possible to proceed with that when the shareholders general meeting is already opened and not all shareholders agreed upon that. This is the result of the legislation legal provisions.
I cannot ask to vote on the resolution drafts which are not in line with the legislation. I would kindly ask you that before you submit another motion, to verify whether it is according to the provisions and whether it's in line and whether it's compliant with legal provisions. Did everyone who have the right to vote exercise their right? The voting is ongoing. When I close voting and I announce results of voting, I will give you floor. I close voting, please. Let's proceed with the results.
The results should be displayed on tablets so that we can proceed effectively without any further delay, so that we don't wait for the printouts. I would like to ask all shareholders to verify the results once we close voting. Ladies and gentlemen, let me announce that the adoption of the agenda was unanimously voted for.
Everyone voted for the adoption. 173,166,269 for, no objections and no abstentions. Thank you very much. Sir, would you like to add anything? Yes.
Yes. I would like to raise my objection according to the legal provisions.
Let's move on to the item number five of the agenda, and points items five through nine will be voted or recognized and discussed. Mr. Shareholder, please give up on the microphone. When I give you floor, you will receive the mic. Thank you very much. We are on item number five through nine of the agenda. Bearing in mind the code of conduct, that if you disable this meeting, let me officially reprimand on you. You make this meeting impossible to be carried out. If you continue, I will have to undertake official steps. Let me inform you are in item five through nine of the agenda. I can hear you. I can understand. I will respond in the right moment. Five through nine of the agenda.
Let me indicate that documents that we are going to recognize were published by the company on its website along with the materials, the documents are available on the tablets that were made available to you. Sir, you wanted to take floor.
Mr. Chairman, if you apply to me as shareholders to reprimand on me, I would kindly ask you to indicate to all shareholders present at this meeting, the legal basis for what you have done a moment ago. Please do not threaten me, because that's how I treat it. Punishable threats. That's how I take it. If you do it for the second time, I will officially take it as punishable threat, and I will have to call the police to this meeting. Mr. President, I do hope that you really care for the meeting to be run, to be organized in a civilized way.
Thank you very much for this statement, for this comment. We move on to items five to nine. Over to Mr. President of the board, Mr. Leszek Skiba.
Thank you very much. We are on the item on the report of the bank and the capital group. Briefly, let me discuss the year 2021. As you know, this was a post-pandemic year, it was the first year when the bank and the whole banking sector, our economy, was moving away from pandemic period. In 2020, we provided our strategy based on four pillars: client, growth, responsibility, and effectiveness. Following this model, let me discuss the year 2021. When it comes to the pillar client, it was a good year when it comes to the growth, in terms of number of clients. Over 8% growth year, 443 new accounts.
This is a year when the bank increased its presence both in retail segment as well as corporate segment. It was a good year in terms of activity of our basic core activities, lending activities. 11% growth in terms of volume and the balance sheet amount up to PLN 250 billion, growth by 7%. We enjoyed this growth and post-pandemic reconstruction, it was translated into the growing number of clients in all segments. The total balance and the volume of credits. When it comes to the third pillar, responsibility, despite the growth, difficult situation with pandemic, the cost of risks was maintained at low level, 45%. We still had to make some write-offs because of the credits and mortgage lending activities in CHF. This was a legacy of our merger with Bank BPH S.A.
There were some legal litigations ongoing, we had to prepare the write-offs and this is reflecting the cost of risk, 405 points. It's a low level. It proves our prudent and responsible lending policy, it translates to our financial results in significant way. Capital indicators, the total TCR, 16.9% to remind you. It's a high indicator, 15.1 to 1. We are a dividend company, for shareholders it is an important factor. We decided that for 2021, according to the scope of the foreseen strategy, we decided to pay dividend between 50%-75%. That was the strategy, we decided to pay out dividend according to the recommendation. We decided to pay a dividend in such a way that every year as a dividend company. By the way, it was not possible in 2020, that was a COVID year.
Whenever it's possible, we should pay dividends to our shareholders because we are the dividend company. We understand that this predictability is very important to our shareholders.
The last pillar is being effective. We tried to keep the cost of remuneration under tight rein. Of course, when it comes to increasing the scale, taking over Idea Bank was pivotal, and it happened in a manner that did not affect our operations. This was the result of the process of structured bankruptcy called resolution by the Bank Guarantee Fund. It was implemented at the end of 2020, beginning 2021. In 2021, we successfully conducted the process of data migration and we took over the entire portfolio so that it could be as secure as possible from the point of view of the bank. The portfolio of the customers was also taken over and this translated into moderate benefits and profits from the point of view of new clients that we accepted on board. As regards the current year, this is a bird's-eye view perspective.
We are able to double almost the level of profits, PLN 2 billion, 267 million. This could be attributed to the fact that we decided to abandon all kind of COVID-related limitations. The economy was able to bounce back. We also recorded very good results when it comes to our sales, especially increasing the volume of portfolio, more than 31%. Small and medium-sized companies and medium-sized companies, the volume of banking loans grew by 23%. Basically, we try to take advantage of this revival in the company's sector. We invest heavily in IT transformation, digital transformation. It is very important to take advantage of every day, but we want to be a modern bank that keeps developing in a digital area. We want to surpass our competition in many spheres.
We know that the banking sector very often focuses on the process of digitization, we try to do it in such a way that it is as efficient as possible, we are able to offer loans at affordable prices, but also, in a very efficient manner from the point of view of risk ratio. We introduced a new form of bond, PeoPay 4.0 version, very modern structurally, the popularity is growing when it comes to the application PeoPay KIDS. Digitization is a foundation of our development in the long run. We are doing our utmost so that we are able to implement it. On a finishing note, thank you so much for becoming familiar with our documents, I would like to wish you a fruitful debate.
Thank you so much, Mr. President. We have a question on the part of a shareholder.
Thank you so much. Dariusz Kiziukiewicz, a minority shareholder. I believe that I can ask questions. Yes, we are right at point 5 to 9 of the agenda. Mr. President, thank you so much for signing many reports, as well as the letter to the shareholders. You talk about values, human rights, freedom, responsibility, being a team player, acting as a collective, bravery. My question is as follows, referring to those definitions. If there is a person reading the report for the very first time, having no knowledge of the bank as such, it could be an impression that this bank is perfect, ideal. As a result, I have a number of questions in connection with either the report of the bank itself or the report of the capital group of the bank.
The first question is as follows: Is this true that the management of the board in 2021 failed to pay out to employees employed in NBO 40% of an annual bonus for the year 2020 amount of close to PLN 50 million in total. Could you say if it's true? Can you confirm it? If it was the case, what was the reason for it? The second question is related to the issues of what, in our estimation, is the general rule of law. Is this true that in 2021, the management of the bank failed to pay out to its employees outside NBO system motivational awards for the year 2020 in the total amount of close to PLN 30 million. On average, it means PLN 3,000 per employee. The third question is related to the first two questions. Is this true?
In the report on the activities of the bank, you describe a perfect social dialogue between the bank and trade unions. My question is as follows: Is this true that all trade unions operating here in the [KOSR] have called on the management of the bank and you to pay out within the NBO system 40% of an annual benefit, close to PLN 50 million. That is, as well as a motivational benefit, PLN 3,000 per employee. Altogether, it's close to PLN 30 million. I have more questions to ask. I would like to justify my questions. I have some health conditions, some health-related problems somehow connected with the representatives of the bank, and I cannot ask many questions because probably anytime soon, one of my body organs will fail to function anytime soon.
You, as a shareholder, you can exercise your right personally, through your plenipotentiary, through your legal representative. You knew about it before the meeting.
Am I allowed to ask more questions?
There is an open list of questions. Right now, please direct all the questions that you know, that you wish to ask regarding point 5 to 9.
Next question, number four, to Mr. President. Is this true that you, in 2021, used the so-called guidelines referring to offering bonuses? Is this true that in 2021, among others, the State Labour Inspection decided, determined that you as the management introduced the guidelines with a stark violation of the regulations in respect of the labor law in Poland.
The next question is as follows: Is this true that as a result of the intervention of the State Labour Inspection, it was only after 4 years that you decided to withdraw in 2021 those guidelines in questions from the legal system. Question number five: Is this true that you lost a case in the Supreme Court together with the Supreme Court before it was in the Court of Appeal, that there is a collective class suit in the bank, and for many years, it was undermined by your representatives. Is this also true that your subordinate directors testified in court under oath, saying or claiming that there is no class action in the bank. One of those people is Ms. Anna Przywodka-Ikonowicz. Twice under oath, she testified that there is no class action in the bank, whereas the Supreme Court decided to dismiss the cassation.
They decided that what you were doing for many years was simply illegal and unfounded. Right now, this is the moment when we direct questions. Yes. As a result, since I mentioned the surname, I would like to mention another surname, a person also responsible for the situation, also testifying similarly under oath, Ms. Director Beata Jusińska. Mr. President, are you going to do something about it when it comes to those employees who for many years were claiming that there is no class action, there is no dispute present in the bank, and they were blocking the solution of it? Perhaps this is it, but I believe that my colleague, my fellow colleague, has more questions. Edyta Chmielno, a minority shareholder.
Thank you so much. A question regarding the following. You said that you are able to control personnel costs. My question is as follows.
Is this true that the management, in a unilateral manner, decided to introduce amendments in the contracts of employees? I'm talking about especially managerial contracts that are employment contracts, and you changed the definition of the so-called solidarity benchmark. The next question is: Is this true that employees of the bank in 2021 filed a lawsuit to the court? I'm talking about the payment of an annual bonus, 40% for the year 2020. Yes, we have still a list of questions, and it is open. Question number six to Mr. President. Mr. President, I would like to ask the following. Is this true that in 2021, the management, apart from the mentioned elements of this collective dispute, you failed to activate or launch additional elements without considering what the regulations are? I'm talking about one element, namely the reward of the president.
Although previously you claimed that the bank has no money to pay out PLN 30 million or PLN 40 million dedicated to the annual bonus and motivational reward for the year 2020, and at the same time, you decided to offer or initiate this bonus for the president illegally, and you also activated additional resources amounting to a dozen or so million PLN. You claim that the bank could not afford bonuses for employees and then illegally, without considering all the regulations pertaining to the labor market and ignoring completely the trade unions. Because please bear in mind that in the bank, let me remind it to the shareholders, that there is a special collective employment system which makes sure that we can enjoy some peace and quiet. Once the bank decides to initiate additional elements, it means ignoring trade unions and bypassing the system.
Basically, we can no longer enjoy this social peace. Is this true that this special benefit for the president was offered and it was not stipulated with us? Thank you so much.
We have one more question. Please introduce yourself.
Jakub Gogolewski . I am a plenipotentiary of a minority shareholder, Jakub Gogolewski. I have four questions. I would like to present all of them. Yes. When it comes to the report of the management for 2021, we can read that the bank supports an organized and gradual transition to the low emission economy through a reduction of financing of the energy from fossil fuels, oil, coal. What does it mean in practical terms? In 2021, did you change the policy with respect to offering loans? I am talking about financing high emission sectors.
You excluded the financing of coals. Do we have any other exclusions of the financing when it comes to the coal sector? The second question, when it comes to fossil fuels, apart from oil and coal, gas was not mentioned. What is your policy with respect to gas and oil? What about Pekao S.A., your bank? Are you planning to stipulate the pace or the date, the deadline when this financing of the sectors in questions will be completed totally? Question number three , we can read the information that when it comes to the value chain, Scope 3, in 2033, it is planned to take place. In the report, there are no estimates when it comes to the emission of Scope number three.
In 2021, in Bank Pekao S.A., were there any estimates conducted when it comes to Scope number three or range number three? I am talking about emissions related to, first and foremost, your loan offering activity. As we understand, this is the main source of income. Referring to this, last but not least, what about Bank Pekao S.A.? Are you planning to stipulate any limitations of financing for the companies that fail to decide what the direction will be when it comes to reaching climate neutrality? Perhaps this will hinder their planned pathway when it comes to reaching climate neutrality. Thank you so much. We have one more question.
I understand the questions also refer to the supervisory board. Yes? Let me remind you, we are on point 5 to 9 of the agenda.
Dariusz Kiziukiewicz again I have a question addressed at Madam Beata Kozłowska-Chyła, the President of the Supervisory Board. How did it happen that in 2021, one of the board members who were employed only for one month and received PLN 80,000 in terms of salary, whereas the exchangeable indices of salaries, he received PLN 1,200,000. Over 700%, almost 800%. PLN 1 million or billion? What do you mean? PLN 1,200,000. That's in the report. The Supervisory Board, as the body who signs the employment contract with the board members, should supervise such situations. I'd like to ask Madam President of the board, how did it happen that this payment was made to the board member?
Yet another motion addressed at the Chairman of the Supervisory Board. A request and a question. Do you see such an option that in Bank Pekao S.A., Mr. Lovaglio, who has not been president anymore for 5 years, in 2021 received PLN 2.9 million. That all board members' contracts and all people employed, like Mr. Stanisław, who receives the reward of PLN 200,000. All these payments are made public, the same actually as it is done in the U.S.
Okay, we are in the open list of questions. Let me check if there are any questions. Yes,
Anna Wójcik. I am a minority shareholder. I would like to ask the following question as safety and security of the bank. In 2021, were there any extraordinary events happened? I mean, anything related to infringement of the ownership of the bank or clients.
Have you revealed the reasons or what kind of steps or actions have been undertaken in order to exclude such situations in the future and in order to improve security of the bank? The reason you think the cybercrime activities is quite active, actually. It can be even an element, actually, of the organized attacks on Poland made by some other financial institutions. Today, a theft does not come actually to a cashier to rob the bank. They actually attack banks in different ways. I believe that internet connections, online banking, it's a new phenomenon for us. From my perspective, there are extraordinary solutions, procedures to be undertaken, to be implemented, to stop the possibilities of stealing money from the bank. Just could you please outline the general situation?
It's a new topic and a tricky topic, and actually it also requires the specific guidelines for the security department employees.
We have more questions from the room.
Thank you. Dariusz Kiziukiewicz, yet another question. Specifically, I could ask Vice President, Mr. Wojciech Werochowski, who is present in the room to provide answer to this question. Is it true, Mr. President, that in September 2021, all trade union organizations acting within Bank Pekao S.A. within the social dialogue, which allegedly is ongoing and some other people actually say it's just the illusion and that the Retail Banking Division is actually suffering from cancer here, as people tend to say. Is it the case? Is it true that trade unions from Pekao S.A.
urged you, responsible for Retail Division and Mr. Skiba to withdraw, as we believe, illegally implemented system, as you call it, motivational system, without agreeing this system with trade unions, and you were obliged to discuss it according to Article 77 of the Labour Code, which is still binding. This is one thing. First question, was it the case? The second question, whether Mr. President, even though this question was asked again a few weeks ago, once we met you, whether you are going to withdraw system, which is not motivating, it's actually demotivating, and it actually creates stress, burden of work, and suffering of employees. You board members should not actually want to bring such much stress and stress-generating situations to your employees. I would highly appreciate your answer here. Mr. President, Mr. Chairman, I just have one request.
These are questions that refer to incidents of last year. We have 30 million PLN. My request therefore is as follows. I wouldn't like actually to proceed in a way you proceeded during recent meetings. I know you're competent people. I know you will provide these answers to these questions during this meeting, during Ordinary General Meeting of Bank Polska Kasa Opieki Spółka Akcyjna.
Thank you very much for these nice words. Well, let me reassure there are no more questions, I close the list of questions now. Officially, that's one thing. Second thing, during this session, there were some statements made that can infringe some personal rights of legal persons or natural persons.
I would like to indicate that according to binding legal provisions, such action is illegal and it can lead to a situation where the bodies whose rights have been infringed may take some legal actions. I would like to reject this question. I'm answering the question referring to the potentially planned activities of the board vis-a-vis people who allegedly caused some infringements or illegal submission of explanations. Well, I stop here and I will give floor now to Mr. President. Sorry, I gave floor to Mr. President. He will address the question and then I will refer to your question
Thank you very much for giving me floor. There is a number of questions actually referring to the fact how we can assess the dialogue with the social side with the trade unions.
Just to summarize the recent year, as a representative of the board, I can say this dialogue was very positive, very good. We have eight trade unions. Right now, the question was raised by Mr. Kiziukiewicz from Bankowiec, and that was the trade union organization that we discussed a lot. Bankowiec had often separate opinions. With other trade unions, we had a constructive dialogue. Not always easy, but bearing in mind the perspective of many years. In 2021, we successfully implemented the program of the compulsory leaves. It was accepted by trade unions. The same happened in 2020 and 2019, and it only proves the constructive work. Negotiations were not easy, as always. This is a separate perspective, of course.
We may say that bearing in mind that at the end of the day, we've managed to come to a conclusion, to an agreement, even though there were objections, contradictions. We understand each other's rights, and that was very important for the dialogue. Trade unions are therefore representing employees to achieve something constructive. From this perspective, I have to say that dialogue with trade unions was positive. Of course, we had discussions on the solidarity factors. Let me explain. As the board, we decided that as it was a COVID year, that deprived us of 40% of our profit. We decided actually to include this factor in pay our bonus, MBO bonus, or bonus mechanism that was regulated by the Company Collective Bargaining Agreements. We decided to take a legal decision to limit the amount of bonus in 2020, which was the COVID year.
Trade union naturally have different perspective. In some cases, there were some court cases lodged. It's naturally that Mr. Kiziukiewicz say that it's improper. We believed it was proper. We had received the legal opinion saying that it was justified by the fact that in 2020, Bank Pekao reached much lower profits. This is a natural discussion in difficult situations in all companies. Board members had to take difficult decisions, and these decisions often trigger some discussions. Thank God it does not go beyond civilized framework. Answering your question directly, what we did, generally, we paid bonuses, MBO and ZUZP at the level that was compliant with the law. We had rights to take all these decisions. Decisions were legal. If anyone does not agree with these decisions, this person may appeal from these decisions to the court.
Everything was legal, and this situation is quite clear. When it comes to the guidelines and the President Award. We have this collective bargaining system. Another discussion with trade union. If we want actually to motivate people on top of the bonus described in ZUZP, if we want actually as the board to run a policy to increase the funds for awards, so-called President Awards, or any other type of awards in order to improve sales of the mortgage products and other products as well. It means that if somebody receives or reaches good results, this person could get a bonus, and we have guidelines describing the conditions. We had dialogue with trade unions. Trade unions, of course, want to intervene what the criteria are taken, and we, the board, believe that this money should be related to the outcomes of work.
They should be of a motivational nature, the rewards should be given to person achieving better results. Mr. Kiziukiewicz provided his opinion that this motivational space should be limited, and these awards should be more equal. We have ongoing discussion on that. We have our perspective. We take our perspective. We disagree with the fact that we should pay the same amount of money to everyone because we really want to have as good results as a Bank Pekao as possible. This money should be somehow related to the outcomes of work. Of course, this is a natural discussion. Probably all the employees and employers discuss that. It's natural. At the end of the day, which is important, we came to a conclusion. We recently had a constructive discussion. Paweł Strączyński was a part of it as well.
From the bird's eye view, let me say these were my answers to Mr. Kiziukiewicz's question. Of course, our perspective may differ, because we are driven by different perspectives. This is again, quite natural for us. It is important to have effective and constructive cooperation with trade unions. It's not always nice, but it is not surprising. Now I'd like to give floor to Paweł Strączyński. He may answer the question of Plenipotentiary.
Thank you very much, Mr. President. If I may, I would like to address those issues very briefly, as mentioned by President Skiba. Referring to the words we have just heard, two pieces of information, namely, when it comes to the level of remuneration of both members of the Supervisory Board as the management, it is all included in the financial statement. This is not any kind of information that is not public or subject to any clauses. The second information is as follows. Me, together with my colleague from the management, Wojciech Dąbrowski, we are also involved in negotiations when it comes to incentive systems. This year, unfortunately, talks were broken when it comes to the proposals of introducing a brand new incentive or motivational system.
This was the initiative of the social side, namely, it was the social side that decided to discontinue the negotiations in this respect. Moving on to the questions in relation to the level of emissions, I took the liberty to take the floor because I believe that, as you may probably know, I am quite experienced in the energy sector, and I am also personally involved in a number of works connected to the bank policy in terms of low, medium, and high emission sector. If I may, I'll try to answer all the questions jointly asked by you. Last year, under the strategy of ESG, we stipulated very clearly that by 2024, we wish to reduce the involvement in high emission sectors up to the level of below 1% of our portfolio, and these are the activities undertaken by us.
However, taking account the highly complex situation that we have been dealing with since the end of February this year, since, after all, the current reality has undergone transformation. When it comes to the financing of gas alone, we already were dealing with three situations over a short period of time, namely, one situation from before the outbreak of war, when gas, as such, was indicated as a transition fuel in the transformation process. After the 24th of February, if my memory serves me right, all of a sudden, it appeared that the European Commission commenced a sort of a dialogue, if I may say so, when it comes to the role of gas in the entire transformation process.
I'm not going to quote the exact word, but I would like to refer to the words by Mr. Frans Timmermans, the vice president, three days after the outbreak of war. He publicly, as the EU official, said that it is after all the coal that right now, given those turbulent times, it should act as a transition fuel, not gas. Another pivot, another twist from actually yesterday. The proposals on the part of the European Commission of including the taxonomy in the delegated task when it comes to nuclear energy and gas. It all indicated that the agreement on the acceptance of nuclear energy and natural gas as low emission or zero emission sources, it is all close, and the information from the European Parliament just from yesterday is as follows. Another attempt was taken as regards the withdrawal of gas and nuclear energy from the taxonomy.
I can risk a statement that basically, we returned to the starting point from the previous year. We as a bank, of course, we have one overriding objective, namely to implement our ESG policy. We would like to remain involved in zero and low emission projects, yet we try to pay attention to what's going on in the European Commission, especially when it comes to the entire legislation, as well as we try to consider the current situation of the Polish economy and the Polish electro energy system as an instrumental element of the Polish economy. We do not have any specific deadlines or dates when it comes to abandoning the coal sector or gas sector completely. Why? Because today, given this highly complex situation, it is impossible to quote any specific dates.
Once the international situation becomes more stable, we would like to be able to refer to our perspective on the closest short-term future as well as more long-term. Then, potentially, we could embark on works when it comes to abandoning or reducing the level of financing. I'm not sure what exactly the direction will be, but I'm sure these are the works that we are going to undertake. I hope that my answer is exhaustive when it comes to the questions asked. Thank you.
Thank you so much. I would like to give the floor to Mr. President.
Another question was asked pertaining to the bank security. The truth is that in order to conclude, the money in the bank is safe because we are doing our utmost to protect the money of our clients. It goes without saying that we are handling some attacks, especially in the second half of the previous year. We were dealing with a number of cyberattacks. The truth is that the entire sector was affected. We were able to emerge as winners. We basically were not affected. We remained intact. There were no serious threats. It was all done in coordination with other banks. Of course, on a bigger scale, those cyberattacks were implemented at the end of last year, more intensely as compared with what is happening right now after the outbreak of war behind our eastern border.
We are dealing with the situations when the clients of all banks are being attacked when it comes to false links. Right now, we invest heavily when it comes to cyber infrastructure so that we can support our clients. We remain determined so that it is as secure as possible from the perspective of our clients. As a result, to conclude, we invest heavily. We allocate a lot of financial outlays so that this arms race, if I may say so, is successful and all the criminals wishing to attack all banks, both in Poland and globally. They are increasingly effective, yet we are doing our utmost. We spend a lot of money. We employ new experts. Even right now, there is an open recruitment procedure when it comes to the security department under our cybersecurity team. It is only natural.
We need to have the best possible experts, and we need to allocate a lot of resources for them so that we are able to secure the money that is at the hands of the bank. We remain aware. We have a good dialogue with other public institutions that are also in charge of it as well as within the entire banking sector. We have the Association of Polish Banks coordinating it, the national clearing chamber, all the other institutions. If I may say so, this is not only our matters. These are not only our matters. This is not only our business, but the entire sector is interested. We also had the inspection on the part of the Financial Supervision Authority when it comes to money laundering, all the procedures.
We remain in dialogue with the UOKiK. We don't identify any signals that this dialogue or cooperation is negative. This requires hard work, a lot of effort, increased investment, that we don't have any failures. Our assessment of the situation remains positive. This is the reason for us to become even more involved because we cannot remain complacent. We cannot rest on our laurels because the truth is that this is a difficult uphill battle with criminals.
Thank you so much, Mr. President. The list of questions is closed. If you wish to take the floor, please do so.
Mr. President, thank you. Nevertheless, of course, I will ask you for the approval to my questions. I would like to refer to your comment that we have just heard.
I would like to state for the protocol, I used the surname Anna Przewoźnica-Nikonowicz, the Director of Bank Pekao S.A., as well as Director Beata Jusińska. I was fully aware that one of those persons Mr. President, because you accused me of violating the regulations of the law. We have case 5.K. This person is accused. This is public. Those surnames are not protected. This is a penal case. I'm sure you are aware of it as a lawyer yourself. Thank you so much. I'm not sure why you want to ask this question once the list of questions has been closed. Mr. President failed to refer to some part of the questions. It will be my great request, I would be really grateful if you are able to provide all the answers.
You do have one more question, yes? How many more questions do you have?
Four questions, I believe. Let me remind you that I asked the question about
As an exception, please. The floor is yours. Please articulate four questions. I have given the floor to you as an exception to the rule.
Mr. President, when it comes to the annual report financial statement, you included the following. When it comes to 2021, there was a class action lawsuit. It was mentioned, not all the information were released. Who initiated the proceedings, the dispute? Why? For the second time, given the annual report, you fail to include the name of the organization that initiated the dispute. The second question is as follows.
When it comes to those issues in question, is this true that there is a penal case, and as the accused, we have Mrs. Beata Jusińska or Madam Director Irena Kobylińska, Director Agnieszka Świderska, who remain in charge. They are allegedly responsible for doing some bodily harm. Please clarify, I believe that this is significant for the shareholders. Is this true that all the trade unions have appealed to you as the president and the management of the bank, so that you paid out those motivational rewards, after all, those bonuses, because I believe that you were mistaken. Bank in 2021 failed to pay out a single PLN as the motivational reward. You said that partially it was paid out. Can you confirm, is this true? Perhaps you don't remember the amount of PLN 30 million.
I can easily understand that this is true that the trade unions contacted you in 2021 and then in the consecutive months for those motivational rewards to be paid out for the year 2021, 40% of the bonus. Perhaps on account of the fact that the financial situation was improved and the bank has PLN 900 million of net profit for the first quarter. The question to Mr. Strączyński. Is this true that the State Labour Inspection decided that you introduced the guidelines illegally? If they were withdrawn, and to the best of my knowledge, they were withdrawn by you, was it as a result of the intervention on the part of the State Labour Inspection? The question to Mr. Werochowski. When are you going to withdraw the illegal PAO system? Thank you so much.
The list of the questions has been closed. I'm not going to allow any more questions. Please refer to them if you may say so.
Lowering the bonus by 40%. We are running this dialogue until now, so it's quite clear. The different perspectives, as I said. We believe that our decision was right, and the decision had a legal basis for that. The trade unions even were trying to convince us that if this beginning of the year is so good, maybe there is still a space, a room to pay this money for the year 2019. In 2020 for 2020 No, 2019. No, but we reduced the bonus for 2019 in 2020. Anyway, there is an ongoing dialogue, and there is a difference of opinion, of course. When it comes to the additional issues, there are other ongoing discussions, and Mr. Kiziukiewicz mentioned them. When it comes to the dispute, maybe our experts believed that including information that was included was sufficient, and probably that was the motivation behind it.
They believed that the information required by law was attached, and that was probably a prudent approach. Maybe they referred to some legal actions and decided actually to provide just that information. Anyway, it's difficult to judge it right now. They prepared the information that was approved by the board, and the board, following the prudent approach, caring for the precise information to be provided, decided for that. That's it. Here I can finish. Thank you very much. The list of questions was closed, exhausted. I do not allow for any other questions.
Thank you very much for the statement. Statement was made without microphone. Interpreters did not hear that. Let's move on to item number 10 of the agenda. It's 11:17 A.M. We open the voting procedure now.
Approval of the report on the activities of the Bank Pekao S.A. Capital Group for 2021, prepared together with the report on the activities of Bank Pekao S.A. We have secret ballot as the voting is ongoing. Did anyone want to exercise the right to vote and did not exercise it? No. Thank you very much. Let's close voting. Please provide the results. Results should be displayed on tablets. The resolution was approved. 172,239,797 for, 926,471 abstentions. No objections. Resolution was adopted. Let's vote on resolution number four on approval of individual financial statement of Bank Pekao S.A. for the year ended on 31st of December 2021. Let me remind you that the secret ballot is ongoing. Anyone who wanted to exercise the right to vote and did not manage, let's close the voting. Please provide the results. The results are announced a bit later.
Due to the fact that some shareholders participate in the meeting remotely online, that's why we have a delay. Let me inform that the resolution was approved and there were 172,239,797 votes for. No objections, and 926,471 abstentions. In the light of that, let me announce that resolution was adopted. Now let's vote on resolution number 5 on the approval of the consolidated financial statement of the Bank Pekao S.A. Capital Group for the year ended on the 31st December 2021. Anyone who wanted to exercise their vote right and did not manage, let's close voting, and I would like to ask to provide the results. The resolution was adopted. There were 172,239,797 votes for. No objections, and 926,471 abstentions. Now, I officially open voting on resolution number 6, distribution of net profit of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2021. The voting is ongoing.
We vote on the draft submitted. Meanwhile, could you please provide document? Submit the document, please. Did anyone want to exercise the right to vote and did not manage? Let's close voting, and I would ask for provision of the results. Ladies and gentlemen, during the meeting, as you have seen, I received a draft of resolution. If the resolution is not adopted, I would decide to vote on the draft. If we adopt the resolution. Well, the resolution was adopted. 173,163,268 votes for, against 3,000 and no abstentions. Therefore, let me announce that resolution is adopted.
Now we vote on resolution 7 on approval of the report of the Supervisory Board of Bank Polska Kasa Opieki Spółka Akcyjna on the activities in 2021, along with assessments and opinions prepared in accordance with regulatory requirements and the results of self-assessment of the suitability of the Supervisory Board and its members. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting. Let's provide the results. Resolution has been adopted. 172,226,804 votes for, against 12,993 votes, 926,471 votes of abstentions. I officially announce that resolution is adopted. Now we move on to sub item 6. We are still in item 10 of the agenda. Now we are going to vote on the resolution on the granting discharge to members of the management board of companies.
Those who performed their duties in the financial year 2021. Please follow the articles of commercial codes on the limitations on the rights to vote. I will read out the number of the resolution draft and the name of the person who is the subject of voting. Let's vote on resolution 8 on granting discharge to Mr. Leszek Skiba. All votings actually are in a form of secret ballot. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting and let's see the results. For the resolution 171,928,422 votes, against 7,638 votes, 1,230,209 votes of abstentions. The resolution is adopted. Let's vote on draft of resolution 9 to grant discharge to Mr. Marcin Gadomski. Vote is ongoing.
Anyone who wanted to exercise the right to vote and did not manage. Yes, we have a person who did not manage to vote yet. Please let us know when you're ready. I therefore close voting. Please provide the results. 171,927,922 votes for, 8,144 votes against, 1,230,209 abstentions. The resolution is adopted. Let's vote on the resolution draft 10 to grant discharge to Piotr Zborowski. Voting is ongoing. I would kindly ask you, madam, to inform me when you're ready with voting. Anyone who would like to exercise the right to vote and did not manage. Let's close voting. Let's provide the results. Resolution adopted. 171,928,422 votes for, 7,644 votes against, 1,230,209 abstentions.
Resolution draft 11 to grant discharge to Mr. Jerzy Kwieciński. Secret ballot ongoing. Again, I would kindly ask you, ma'am, to let me know when you're ready with voting.
Anyone who wanted to exercise the right to vote and did not manage, let's close voting and let's provide the results. We are still waiting for the votes cast online. The resolution adopted: 171,927,922 votes for, 8,144 votes against, 1,230,209 votes of abstentions. Let me announce that resolution is adopted. Let's vote on draft resolution 12 to grant discharge to Magdalena Zmitrowicz. Voting is ongoing. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting. Let's provide the results. Resolution adopted: 171,927,922 votes for, 8,138 votes against, 1,230,209 votes of abstentions. Let's vote on the draft resolution number 13 to grant discharge to Mr. Jarosław Fuchs. Secret ballot ongoing.
Is this the case that you wanted to exercise your right to vote and you weren't able to do so? I would like to close the voting and please submit the results. For the resolution, 171,927,922 votes. Against: 8,144. Abstentions: 1,230,209 votes. Given the above, I state that the resolution has been adopted. Right now resolution number 14 on granting discharge to Mr. Wojciech Werochowski and the secret ballot is in progress. Please wait for the voting to be completed. Is there anyone who wanted to exercise their right to vote and you aren't able to do so? I would like to close the voting. Please submit the results. Resolution. Yes, this is draft resolution number 14, and it's about granting discharge to Mr. Wojciech Werochowski. There was a technical error. It has been rectified. Thank you for indicating this, Mr. President.
Just for the sake of being cautious, let me read the results. In favor: 171,928,422 votes. Against: 7,644. Abstentions: 1,230,209 votes. You have a question? Dariusz Kiziukiewicz. I would like to state that I voted against the resolution. Please include it in the protocol. Okay. Thank you very much. I would like to have the next voting. Resolution number 15 on granting discharge to Mr. Błażej Szczecki. Let me remind you that the secret ballot is in progress. Is there anyone who wanted to exercise the right to vote and you are not able to do so? I would like to close the voting and the results. This resolution has been adopted. Votes in favor, 1,071,928,422 votes. Against, 7,644 votes. Abstentions, 1,230,209 votes. I would like to move on hereby to draft resolution number 16 on granting discharge to Mr. Paweł Strączyński. The secret ballot is in progress.
Is there anyone here who wanted to exercise the right to vote and you did not manage to do it? I would like to close the voting. Let's see the results. The resolution has been adopted. Votes for, 171,928,422. Against, 7,636. Abstentions, 1,230,215. The next voting, draft resolution number 17 on granting discharge to Mr. Tomasz Kubiak. Is there anyone present here who wanted to exercise the right to vote and you did not manage to do so? I'd like to close the voting. Let's see the results. The resolution has been adopted. Votes in favor, 171,941,415. Against, 7,644. Abstained, 1,217,216. The next voting on draft resolution number 18. Yes? Dariusz Kiziukiewicz. Dariusz Kiziukiewicz. I would like to state that I voted with this resolution against.
Please make sure that you include it in the protocol. I would like to order the voting on resolution number 18, giving discharge to Mr. Krzysztof Kozłowski. Is there anyone who wanted to exercise the right to vote and you did not manage to do so? Let's close the voting. Please submit the results. The resolution has been adopted. Votes in favor, 171,928,422. Against the resolution, 7,644. The number of abstentions, 1,230,209. The next voting on draft resolution number 19 on granting discharge to Mr. Tomasz Styczyński. The secret ballot is in progress. Is there anyone here who wished to exercise the right to vote and you are not able to do so? Let's close the voting. Let's see the results. The resolution has been adopted for 171,928,422. Against, 7,644. The number of votes abstained, 1,230,209.
I state hereby that the resolution has been adopted. Dariusz Kiziukiewicz, I would like to state that given this resolution, I voted against. Please make sure you include it in the protocol. Thank you so much. I would like to congratulate Mr. President and all the people acting as members of the management for being granted discharge. Let's move on to sub-point seven in point 10 of our agenda. I can see that some shareholders are leaving the meeting. Once the number of shareholders present has been changed, I'm talking about the state of shares, we have to make sure it is included in the protocol. I don't think it is actually happening. Right now, we have draft resolution number 20 on granting discharge to Mrs. Beata Kozłowska-Chyła.
The secret ballot is in progress. Is there anybody here who wishes to exercise the right to vote and you are not able to do so? I'd like to close the voting. Let's see the results. For 161,322,652, against 10,615,400. Number of abstentions, 1,218,216. Given the above, I would like to state that the resolution has been adopted. Right now we have a voting draft resolution number 21 on giving discharge to Mrs. Joanna Dynysiuk. The secret ballot is in progress. Is there anybody here who wishes to exercise the right to vote and you did not manage to do so? Let's close the voting. Let's see the results. In the meantime, I would like to state that the number of shareholders present here are the ones that are represented here. It has been changed.
Right now we have 625 persons or entities entitled to 173,166,269 shares, and the percentage system is the same, 65.975%. In the meantime, the results are ready. The resolution has been adopted. For we have 161,331,805, against 10,616,400, abstentions 1,216,063 votes. Which helps me to move to the next draft resolution number 22 on granting discharge to Mrs. Małgorzata Sadurska. The secret ballot is in progress. Is there anybody present here who wishes to exercise the right to vote and you are not able to do so? Let's close the voting and let's see the results. The resolution has been adopted. Votes in favor, 161,331,805 votes. Against, 10,616,400 votes. The number of abstentions, 1,218,063 votes. Which allows me to move on to draft resolution number 23 on granting discharge to Mr. Stanisław Ryszard Kaczoruk. The secret ballot is in progress.
Is there anybody here who wishes to exercise the right to vote and you are not able to do so? I would like to close the voting and please submit the results. The resolution has been adopted. Votes in favor, 161,331,805 votes. Against, 10,616,400 votes. Number of abstentions, 1,218,063 votes. Given the above, I would like to state that the resolution has been adopted. The next voting on draft resolution number 24 on granting discharge to Mr. Marcin Izdebski. The secret ballot is in progress. Anyone who wanted to exercise the right to vote and did not manage. Let's close the voting. Let's submit the result. The resolution has been adopted. In favor, 161,331,805 votes. Against, 10,616,400 votes. 1,218,063 abstentions.
The resolution has been adopted. Let's vote on Resolution 25 on granting discharge to Madame Sabina Bigos-Jaworowska. Again, I will kindly ask you to let me know whether you are still voting. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting. Let's submit the results. The resolution has been adopted. In favor: 161,331,305 votes. Against: 10,616,400 votes. 1,218,563 abstentions. Therefore, we can move on to the draft Resolution 26 on granting discharge to Madame Justyna Głębowska-Michalak. Secret ballot is in progress. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting and let's provide the results. The resolution has been adopted. In favor: 161,331,305 votes. Against: 10,616,400 votes. Abstentions: 1,218,563 votes.
Therefore, let's move on to voting on draft Resolution number 27 on granting a vote of approval to Mister Michał Kaszyński. Secret ballot in progress. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting. Let's see the results. The resolution has been adopted. In favor: 161,332,652 votes. Against the resolution: 10,616,400 votes. Abstentions: 1,217,216 votes. Therefore, we move on to Resolution number 28 on granting a vote of approval to Mister Marian Majcher. Secret ballot in progress. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting. Let's provide the results. Resolution has been adopted. In favor: 161,331,805 votes. Against: 10,616,400 votes. Abstentions: 1,218,063 votes. Let's move on to draft Resolution number 29 on granting a vote of approval to Mister Marcin Eckert.
Has anyone wanted to exercise their vote and did not manage? Let's close voting. Let's provide the results. The resolution has been adopted. In favor: 161,332,152 votes. Against: 10,616,900 votes. Abstentions: 1,217,216 votes. I would like to congratulate all persons who performed the function in the supervisory board of the company in the last financial year. We move on to item 11 of the agenda. Let me announce that the report on the evaluation of the functioning of the remuneration policy of Bank was made available on our website and it was provided with the materials for this meeting. Let's vote on the Resolution number 30 on the evaluation of the remuneration policy of Bank Polska Kasa Opieki Spółka Akcyjna in 2021. Secret ballot in progress. Let's stick to the positive habit.
Let me ask you whether any one of you wanted to exercise the right to vote and did not manage. Let's close voting. Let's provide the results. Resolution has been adopted. In favor, 171,882,499 votes. Against, 340,458 votes. Abstentions, 943,311 votes. I move on to item number 12 on the agenda. Let me say that the report on the evaluation of the remuneration for the management board and supervisory board was made available on the website of the company, and it was also provided in the materials that were made available before the meeting. Let me open the voting on resolution 31 on the review of the report of the supervisory board on the remuneration of members of the management board and supervisory board of Bank Polska Kasa Opieki Spółka Akcyjna for the year 2021, adoption of the resolution regarding the opinion thereon. Secret ballot ongoing.
Anyone who wanted to exercise the right to vote and did not manage? Let's close voting and let's provide the results. Resolution was adopted. 121,265,754 votes in favor. 51,886,674 against. 13,840 abstentions. Let's move on to item 13 on the agenda. Let's vote on resolution 32 on amending resolution 41 of the ordinary general meeting of shareholders of Bank Polska Kasa Opieki Spółka Akcyjna on principles based on which the remuneration of the members of the supervisory board of Bank Polska Kasa Opieki Spółka Akcyjna is determined as of, dated on 21st of June 2018. The secret ballot ongoing. Anyone who wanted to exercise the right to vote and did not manage? Let's close voting. Let's provide the results. The resolution has been adopted. In favor, 156,319,100 votes. Against, 16,846,321 votes. 847 abstentions.
We can move on to the next item on the agenda, number 14, where we will vote on draft resolution 34 on the adoption of the amended remuneration policy for members of the Supervisory Board and Management Board of Bank Polska Kasa Opieki Spółka Akcyjna. Secret ballot in progress. Anyone who wanted to exercise the right to vote and did not manage. Let's close voting. Let's provide the results. Resolution has been adopted. In favor, 105,051,117 votes. Against, 68,102,158 votes. Abstentions, 12,993 votes. Let's move on to the item 15 on the agenda. Let me indicate that for this item, there was a draft resolution submitted by the shareholders PZU, as it was announced with the current report 12/2022 as of 10th of June this year. Given that fact, let's vote first on this draft.
This is draft published by the current report 12/2022. That was submitted by the shareholder of the company, PZU S.A. Let's vote on this draft resolution number 34, secret ballot in progress. Let me read out the title. Resolution on the adoption of the gender equality and diversity policy with regard to the bank's employees, including members of the supervisory board, members of the management board, and persons holding key functions at Bank Polska Kasa Opieki Spółka Akcyjna, to the extent that it applies to members of the supervisory board of Bank Polska Kasa Opieki Spółka Akcyjna. Anyone who wanted to exercise the right to vote and did not manage, let's close voting. Let's see the results.
The resolution has been adopted. In favor, 128,487,651 votes. No objections, 44,678,616 abstentions. Therefore, we should move on to item 16 of the agenda. We will vote on draft resolution number 35 on the adoption of the best practices of Warsaw Stock Exchange-listed companies 2021 for application. Secret ballot in progress. Is there anybody here who wanted to exercise the right to vote and did not manage to do so? I would like to close the voting. Let's see the results. The resolution has been adopted. Votes in favor, 173,153,275 votes. Against, zero votes cast, and abstentions, 12,993. Right now, I would like to move on to point 17 on our agenda. I would like to state that the report, when it comes to applying the principles of corporate governance for supervised institutions, has been presented to the general meeting.
Namely, it was made available at the internet website of the company, as well as together with the materials for today's meeting. Let's move on to point 18 on our agenda. I would like to state that the information on amendments to the regulations of the Bank Supervisory Board in the year 2021 was made available to the general meeting. Namely, it is available at the internet website. It is also included in the reference materials that you have in the so-called tablets. Let's move on to point number 19 on our agenda. Let me remind you that we had a number of draft proposals submitted by Powszechny Zakład Ubezpieczeń S.A., the shareholder. It was reported by the current Report 10, 2022 from the 2nd of June of this year, as well as the internet website of the company.
Let me also indicate that those draft proposals are available on the devices that you have right now. I would like to indicate that in accordance with Article 215 of the Commercial Companies Code, we need a qualified majority of three-fourths of votes in order for those draft proposals to be adopted. First and foremost, I would like to order a voting dedicated to the draft proposals submitted by the management of the company. Later on, we will focus on the ones submitted by the shareholders. Similarly, we are going to open consecutive voting sessions to avoid any doubts. I will read out the entire title of the resolution. Voting on draft proposal number 36 on changing the statute of Bank Polska Kasa Opieki S.A. Let me clarify so that we can avoid any doubt. This is a draft resolution amending paragraph 6, item 10.
There is an additional 22A and 22B sub-points added. In colloquial terms, these are the projects on the part of the management. I would like to explain it at length so that there are no doubts what the subject matter of the voting is. Should you have any questions, please direct them to me. Right now, I have a question to you. Is there anybody here who wanted to exercise the right to vote and you are not able to do so? I cannot see any hands raised, so I'd like to close the voting. Let me remind you that we need a qualified majority here in order for the resolution to be adopted. This is the requirement. Here in this case, the resolution has been adopted unanimously. In favor, we have 173,365,421 votes.
Right now, another draft resolution number 37 on changing the statute of Bank Polska Kasa Opieki Spółka Akcyjna. I would like to explain it at length again to avoid any doubts. It's about paragraph six, item 1.35, by way of giving it a new wording. Again, should you have any questions or doubts when it comes to the content of the draft resolution, please contact me. Is there anybody who wanted to exercise the right to vote and you are not able to do so? Let's close the voting and let's see the results. For the resolution, we have 170,365,421. Zero against. Abstentions, 847. Given the above, I would like to state that the resolution has been adopted. Right now voting.
This is a draft resolution number 38, also pertaining to the amendments to the statute of the bank, and this is about the new content of paragraph 14, item 1. Is there anybody here who wanted to exercise the right to vote and you are not able to do so? Let's close the voting. The results. The resolution has been adopted unanimously. In favor, we have 174,166,268 votes. The next voting on draft resolution number 39, also dedicated to amending the statute. It's about giving a new wording to paragraph 15, items 1 and 2. Is there anybody here who wanted to exercise the right to vote and you did not manage to do so? I would like to close the voting and please submit the results. The resolution has been adopted unanimously. In favor, we have 174,166,268 votes cast.
Now the next voting on draft resolution number 40. Again, here we are going to stipulate a new wording, paragraph 21, items 1 and 2. The secret ballot is in progress. Is there anybody here who wished to exercise the right to vote and you are not successful? Let's close the voting and let's see the results. The resolution has been adopted unanimously. Votes in favor, 174,616,268 votes. Now voting on a draft resolution number 41, also pertaining to the amendments to the statute. This draft resolution pertains to the following. Paragraph 14, item 1 shall read as follows. Is there anybody here who wishes to exercise the right to vote and you did not manage to do so? Let's close the voting. The results. The resolution has been adopted unanimously. Namely, votes in favor, 174,166,268 votes.
Now voting on a draft resolution number 42, again on amending the statute and giving a new wording to paragraph 30A, item three. Is there anybody here who wished to exercise the right to vote and you are not able to do so? Let's close the voting. The results. The resolution has been adopted. Votes in favor, 174,665,768 votes. Zero votes against. Abstentions, 500 votes cast. This means that the package of draft resolutions on the part of the management has been adopted. Let's move on to the draft resolutions submitted by the shareholders to avoid any doubts. As I understand, voting on a draft resolution number 44 also pertaining to the amendments to the statute of the bank, namely changing the wording of paragraph 13, adding additional points, 18 and further points.
Is there anybody here who wished to exercise the right to vote and you did not manage to do so? Let's close the voting and let's see the results. Let me remind you that there is a requirement in place of a qualified majority in the case of this draft resolution, as well as all the others pertaining to the amendments to the bank's statute. Ladies and gentlemen, the results are already available. For the sake of avoiding any doubts, let me confirm them. Yes, the resolution has not been adopted. In favor, we have 102,852,893. Against, 16,800,000. Abstentions, 53,513,375 votes. As a result, right now we have a voting of a draft proposal number 44.
If it is to be adopted, it means that this will be a resolution number 43, and it also pertains to the amendments of the bank's statute, paragraph 14, items 5B, 5C, and 5D. Is there anybody here who wished to exercise the right to vote and you did not manage to do it? Let's close the voting and let's see the results. The resolution has not been adopted. In favor, we have 89,685,046 votes. That is 51.7%. Against, we have 3,000 votes cast. The number of abstentions, 83,472,222 votes. Voting on a draft resolution number 45, also pertaining to the amendments to the statute. Should this resolution be adopted, the number of it would be different. It would be a resolution number 43. Is there anybody here who wanted to exercise the right to vote and you did not manage to do it?
Let's close the voting and let's see the results. The resolution has not been adopted. Votes in favor, 89,685,046 votes. Zero votes cast against the resolution. The number of abstentions, 83,481,222 votes. Ladies and gentlemen, we have consumed number 19 on our agenda. We can move on to the next point, namely point number 20. I would like to cordially acknowledge all the shareholders for participating in the debate today, all the members of the supervisory board, as well as the management of the bank, as well as all the individuals responsible for technical preparations and providing service during today's debate, so that we could proceed, conduct the meeting very efficiently in spite of all the difficulties. Thank you so much. I wish you a nice, good day and a nice long weekend. I wish you all the best.