Fundacja Power CherryFoundation

Manner of representation

1. In property matters concerning obligations or dispositions whose value does not exceed PLN 10,000 (ten thousand złoty), declarations of will on behalf of the foundation are made by the President of the Management Board independently. 2. In property matters concerning obligations or dispositions whose value exceeds PLN 10,000 (ten thousand złoty), joint action by two members of the management board, including the President, acting jointly, is required. 3. In non-property matters, declarations of will are made by the President of the Management Board independently, or by two members of the management board acting jointly.