Fundacja Wartość CzłowiekaFoundation

Manner of representation

In the case of a one-person management board, the President of the Management Board makes declarations of will on behalf of the foundation independently. In the case of a multi-member management board, the President of the Management Board acts independently in matters of ordinary management and when incurring obligations or disposing of a right with a value not exceeding PLN 50,000.00. When incurring obligations or disposing of a right with a value exceeding PLN 50,000.00, the joint action of two members of the management board, including the President of the Management Board or the Vice-President of the Management Board, is required. In non-property matters exceeding the scope of ordinary management, the joint action of two members of the management board is required.