Last year, listed companies implemented remuneration policies for members of the management board and the supervisory board. The deadline for their approval by the general meeting ultimately expired on August 31, 2020. This year, listed companies are required to prepare a report on the remuneration of members of the management board and supervisory board. The first is to cover the total of 2019 and 2020. Each subsequent year will apply to the last financial year.

In the report, companies must, inter alia, disclose all components of remuneration granted to individual members of the management board and supervisory board, as well as explain how the total remuneration is consistent with the adopted remuneration policy, including how it contributes to the long-term performance of the company.

The responsibility for the preparation of the report rests with the supervisory board. The regulations do not specify the date by which the report should be prepared. In practice, it should be remembered that the report is to be the subject of an opinion-based resolution (or discussion) of the general meeting of shareholders. Therefore, they should be prepared in a timely manner enabling the general meeting to undertake these activities. The report will also be assessed by a statutory auditor.

Like the policy text, the report should be published on the company's website and be available there for 10 years after the resolution (or discussion) has been adopted by the general meeting.
 

More in the article by Katarzyna Sarek-Sadurska, Magdalena Skwara and Iza Gawryjołek "Listed companies must summarize the earnings of members of the governing bodies" for Rzeczpospolita (article from 11 March 2021).