Fundacja Wsparcia I Rozwoju Przełamując FaleFoundation

Manner of representation

The President of the Management Board is authorised to represent the foundation in the case of incurring liabilities or disposing of a right with a value exceeding, whether in a single transaction or cumulatively over (one) year, in favour of one entity or related entities, the amount of 100,000.00 złoty (one hundred thousand złoty); the validity of the transaction requires a resolution of the foundation’s Management Board. In matters concerning the employment of employees and in matters related to incurring property liabilities of up to 10,000 złoty gross (ten thousand złoty), declarations of will on behalf of the foundation may be made independently by the President of the foundation or by an attorney-in-fact appointed by him. In matters concerning the employment of employees and in matters related to incurring property liabilities exceeding 10,000 złoty gross (ten thousand złoty), declarations of will on behalf of the foundation must be made by two members of the Management Board jointly, including the President of the foundation’s Management Board.