Corporate governance

Corporate governance
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photonenergyn.v._goodpractices.pdf
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Board of Directors

Georg Hotar

Director

Georg Hotar co-founded Photon Energy in 2008 and was the company’s CFO until 2011. In that year he was appointed CEO and has since spearheaded the group’s expansion in Europe and overseas. Georg has extensive knowledge of the solar energy industry as well as in international finance. Before Photon Energy, Georg established Central European Capital in 2000, a regional finance and strategy advisory boutique. He has also held various positions in financial services in London, Zurich and Prague. Georg is an Austrian national and holds a Masters in Finance from the London Business School.

Michael Gartner

Director

Michael Gartner developed one of the first large PV installations in the Czech Republic before co-founding Photon Energy in 2008. Michael was CEO of Photon Energy until relocating to Australia to start Photon Energy Australia in 2011. Apart from growing the Australian business, Michael is instrumental in driving Photon Energy’s off-grid and solar-hybrid power solutions. Before Photon Energy, Michael ran an investment boutique arranging Eurobond issues and offering sell-side M&A advisory. Between 1994 and 2004, he was an analyst and head of fixed income sales at ING and Commerzbank Securities in Prague. Michael is an Australian and Czech national and holds an MBA from the US Business School in Prague.

Supervisory Board

Under Dutch law, a public company is required to establish a supervisory board if (i) the issued share capital of the company together with the reserves pursuant to the balance sheet amounts to at least EUR 16 million; (ii) the company or a dependent company has established a work council pursuant to a statutory obligation, and (iii) the company together with its dependent companies employs at least one hundred employees in the Netherlands. The company will only be under the obligation to establish a supervisory board if it meets such criteria on the balance sheet dates in three subsequent financial years.

The Issuer does not meet the above described criteria and therefore is not required to create a supervisory board.  No supervisory board was established by the Issuer however, the Issuer has an intention to appoint an independent supervisory board in the future.  

Articles of Association

Code of conduct

The Company’s goal is to follow fully the corporate governance rules as formatted in the Best Practises of NewConnect Listed Companies. The Code of Best Practices accommodates opinions of market participants as well as European trends and highest communication standards applicable to companies listed in alternative trading systems in Europe.

By clicking on the link below you can download the Statement of the Company's Management Board on the use of the Company's corporate governance rules set by the "Best Practices for Companies Listed on the NewConnect market".

Auditors

From the financial year 2013 onward the Company's management board appointed Grant Thornton Accountants en Adviseurs B.V. to serve as the auditor for Photon Energy N.V. group and its subsidiaries. 

The management board gave a mandate to KPMG Česká republika Audit s.r.o. and KPMG Accountants N.V. to serve as the auditors for Photon Energy N.V. group and its subsidiaries for the financial years 2011 and 2012.

The auditors report is part of the Annual Report, which can be downloaded one the Reports page.

 

Photon Energy Group > Investor Relations > Corporate governance

 

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