The management of the company is carried out by the three administrators. The right to represent the company and to make decisions belongs to each director, except for the signing of commercial contracts, with legal entities, for which the company will be represented by at least two directors or, in case of unavailability of one of them, by the representative of each. The administrators have the right to represent the company with full powers before the banking institutions to contract loans. As regards the relations with the company's employees, all three administrators have full powers, being able to sign any of them, alone or together, any document regarding relations with the employees (conclusion, execution, modification, termination of individual employment contracts, etc.). The directors may not receive, without the authorization of the sole shareholder, the mandate of administrator in other competing companies or having the same object of activity, nor may they carry out the same type of trade or another competitor on their own account or on behalf of another natural or legal person, under penalty of revocation and liability for damages. We organize our activity and teams according to the particularities of the activity and the needs identified by us to keep records and Group the strategic directions according to the activities carried out by the teams. Thus, our activity is structured based on three organizational pillars: I. HEADQUARTER includes all functions and organizational structures whose work has a cross-cutting impact across the organization; thus, this pillar includes all management structures at the company level whose activity is not limited to a single location (regardless of whether their activity is reflected in physical locations belonging to the Stores or Logistics pillars) and all Departments. This structure includes: 3 Administrative Structures, coordinated by Executive Directors / Administrators / "Country Managers" who Group with direct subordination: z 16 Departments (operating under the umbrella of the Headquarters pillar), coordinated by Directors / "Heads of Departments" having a total of 45 teams / divisions subordinated to Team Leaders, or Managers in the case of Sales Directors and Logistics Director (structure later disseminated as part of the "Logistics" pillar) • The 6 Sales Managers are subordinated to 60 Area Inspectors, who in turn coordinate the PENNY Stores. z 5 Departments, coordinated by Managers / "Team Leaders", also registered in the Central Headquarters pillar, having direct subordination personnel from the execution category z 1 Individual Management structure with a transversal role whose activity has an impact on the entire activity of PENNY Romania, also registered in the Headquarters pillar; this is the structure coordinated by the Sustainability Manager, who in 2023 was directly subordinated to the CEO II. STORES* It encompasses the specific activity of the stores, including the "sale" process that refers to the management of the direct relationship (interaction) with customers and the organization of the entire activity of the stores. This structure includes: z 376 Stores at the end of 2023, coordinated by Department managers / "Store managers". The operational staff in the stores consists of department heads, cashiers, and commercial workers. The positions of department heads can be temporarily assimilated to the positions of Store Managers, being able to carry out backup activities for them, but they cannot be considered management functions because they do not carry out planning, organizing, leading, controlling processes and resources, setting and achieving specific objectives. z The stores are divided into 4 Regions nationwide, which are defined according to the Logistics Centers, which includes the stores served by each logistics center. III. LOGISTICS* includes the activity carried out within the PENNY logistics centers, including the activity of the employees who carry out their activity on these sites and all related operational activities. This structure includes: z 4 Logistics centers Managers, sdirectly subordinated to the Logistics Director. • Logistics Center Turda in Cluj County • Logistics Center Filiași in Dolj County • Logistics Center Stefăneștii de Jos in Ilfov County • Logistics Center Bacău in Bacău County z 1 Fleet Manager * managers whose activity impacts the activity of the Stores and Logistics pillars are registered in the Head Office pillar; By default, the quantitative data presented in this report is structured according to this principle. I. HEADQUARTER II. STORES III. LOGISTICS SUSTAINABILITY STEP BY STEP CORPORATE GOVERNANCE AND BUSINESS SUSTAINABLE ASSORTMENT ENERGY, CLIMATE AND RESOURCES EMPLOYEES AND SOCIETY GRI & SASB INDEX ASSURANCE OF SELECTED NON-FINANCIAL INDICATORS
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