At the beginning of November, Paweł Borys, who has been running the PFR since its inception, that is, for more than seven years, announced that His and the entire Board's terms expire on December 31 of this year. He announced that he would not run for re-election.
Therefore, at the beginning of December, the Supervisory Board of the Political Finance Supervision Authority announced the qualification procedures for selecting a new president for a third term.
Candidates can submit their applications until December 27. Supervisory Board meetings with people with ambitions to manage the financial instrument created by Paweł Borys are scheduled to start on December 29.
'No one came forward'
— No one entered the competition. A new competition should be announced in January – says our informant who knows the details of the case. Until the competition is resolved, and even after the end of the term, Paweł Borys will continue to chair the Board of Directors of PFR. This was stated in the company's articles of association. PFR also still has a supervisory board appointed during the PiS government.
Our findings were also confirmed by Paweł Borys himself in an entry on the X website (formerly Twitter – editor). He added that based on the provisions of the statute, and given the lack of results in the competition, he will assume the position of president until a new president is elected.
A few weeks ago, we wrote that one of the most dangerous candidates to lead the PFR is Jakub Karnovsky, the former head of the Kurdistan Workers' Party during the PO-PSL coalition government. He is an experienced manager and has also been associated with the financial sector for years.
Why did the new team not find a successor to Boris?
It was not possible to identify a candidate within the new coalition, and there is no green light yet. No one will participate in the competition if he is not sure that his chances of becoming president are high. This does not mean that there are no candidates for this position, there is, for example, Jacob Karnovsky – a person close to the matter tells us.
According to the requirements, the new competition must last at least two weeks, which means that even if the Supervisory Board announces it at the beginning of January, the new head of the political finance watchdog will appear at the end of next month at the earliest. But according to our sources, there may have been changes in the Supervisory Board itself earlier.
Supervision of the Political Finance Oversight Authority is exercised directly by the Prime Minister.
Head of PFR required. requirements
What criteria must the future head of the political finance watchdog meet? In accordance with the requirements determined by the Supervisory Board of the Company, the candidate must, inter alia: have higher education and professional experience of at least 10 years. Including 5 years of work experience in a bank or other financial institution recognized in the local and international market Or an international financial consulting firm with a large volume of operations. In addition, he or she must have at least 3 years of experience in management positions.
The candidate must also have analytical experience in finance and banking.
author: Bartek Godoslawski is a journalist at Business Insider Polska
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