Risk management process

The risk management process at ENEA Group is a multi-stage process, engaging all the significant organisational units of the Group Companies.

The risk management process at ENEA Group is a multi-stage process, engaging all the significant organisational units of the Group Companies. The process model is compliant with the best market practice, and also standards being in force within this scope.

Identification and assessment of new risks

Monitoring existing risks

Reporting risks

Identification and assessment of new risks

Identification of potential risks related to the ongoing operations of the Companies and achievement of strategic objectives of ENEA Group and objectives resulting from the area strategies, and their subsequent assessment in accordance with the ERM methodology.

Monitoring existing risks

Periodic monitoring of existing risks and the status of implementation of the Risk Management Plan and ongoing monitoring of existing risks as part of which operational events are reported.

Reporting risks

At the Company level the Risk Manager periodically reports to the Management Board, while at the Group level, the ENEA Risk Manager reports to the ENEA Risk Management Department, which develops and provides dedicated reports to the Risk Committee.

The identification process also includes non-financial risks that may have a significant negative impact on social, employee, environmental, human rights and anti-corruption issues. Their detailed description can be found in “The Non-Financial Statement of ENEA Group for 2018" hereinbelow.

The remuneration received from 1 January 2018 to 31 December 2018 by persons being members of Management Board of ENEA S.A. who signed Management Services Agreements with the Company is presented in the table below:

Download XLS [1]

Name	Position	Net remuneration in PLN [exclusive of VAT] ¹	Additional benefits
Mirosław Kowalik	President of the Management Board	720,000.00	-
Piotr Adamczak	Vice-President of the Management Board	660,000,00	-
Piotr Olejniczak	Vice-President of the Management Board	660,000,00	-
Zbigniew Piętka	Vice-President of the Management Board	660,000,00	-
Mikołaj Franzkowiak ²	Vice-President of the Management Board	304,880.82	-
Wiesław Piosik ³	Vice-President of the Management Board	304,880.82	-

The remuneration includes all remunerations resulting from the concluded contracts and included in the Company’s expenses, including the fee for the non-competition obligation and the bonus for 2017 for former Management Board members.
Position held until 24 August 2017.
Position held until 24 August 2017.

In the period of performing managerial functions in 2018, Members of Management Board of ENEA S.A. did not receive remuneration for performing during this time any functions in subsidiaries of ENEA S.A. The remuneration received by managing persons did not include any non-financial components.

The table below presents the remuneration of persons being members of Supervisory Board of ENEA S.A. in the financial year 2018:

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Name	Net remuneration [PLN]
Stanisław Kazimierz Hebda	97,652.04
Paweł Jabłoński⁵	59,480.89
Piotr Mirkowski	85,311.24
Sławomir Brzeziński	85,311.24
Wojciech Klimowicz	85,311.24
Paweł Andrzej Koroblowski⁷	22,986.67
Ireneusz Kulka²	66,276.74
Tadeusz Mikłosz	85,311.24
Roman Stryjski	85,311.24
Rafał Bargiel³	25,119.42
Piotr Kossak⁴	25,119.42
Paweł Skopiński¹	17,199.85
Rafał Szymański⁶	49,764.89

Position held until 13 March 2018.
Position held until 22 March 2018.
Position held until 16 April 2018.
Position held until 16 April 2018.
Position held until 20 April 2018.
Position held until 31 July 2018.
Position held until 24 September 2018.

In the financial year 2018, Members of Supervisory Board of ENEA S.A. were remunerated for performing their functions in the Supervisory Board in the amounts resulting from the applicable legal regulations.

List of shares and allotment certificates to ENEA S.A. shares held by members of the Management and Supervisory Boards

Download XLS [3]

Name	Position	Number of ENEA S.A. shares as at 31 December 2018	Number of ENEA S.A. shares as at 21 March 2019	Nominal value [PLN]
Tadeusz Mikłosz	Member of the Supervisory Board	4,140	4,140	4,140

As at the date of release of this periodic report, no other persons from the Management or Supervisory Boards hold any ENEA S.A. shares. As at the date of release of this periodic report, no other persons from the Management or Supervisory Boards hold any allotment certificates to ENEA S.A. shares.

As at the date of release of this periodic report, no persons from the Management or Supervisory Boards hold any shares, or allotment certificates to any shares, in subsidiaries of ENEA S.A.