Fundacja Otwarte SercaFoundation

Manner of representation

For the submission of declarations of will on behalf of the foundation, each member of the management board is entitled to act independently. In property matters whose value exceeds PLN 10,000 (in words: ten thousand zlotys), the validity of declarations of will of the management board requires the joint action of the President and at least one member of the management board. Activities concerning the hiring and dismissal of employees of the foundation, as well as determining the amount of their remuneration, are performed by the President, unless the management board decides otherwise by resolution.