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Reform (Lisbon) Treaty

On October 18th, 2007, representatives of the EU member states concluded their intergovernmental conference in Lisbon and approved the text of a new Reform Treaty. Also known as the “Lisbon Treaty” (The Treaty of Lisbon), the document contains just a brief mention of the energy sector (Article 194, Head XXI).

 

The Chapter about the Economic Policy of the Reform Treaty refers to solidarity of the member states in the event of difficulties with the supply of certain products (meaning energy products). “Without prejudice to any other procedures provided for in the Treaties, the Council, on a proposal from the Commission, may decide, in a spirit of solidarity between Member States, upon the measures appropriate to the economic situation, in particular if severe difficulties arise in the supply of certain products, notably in the area of energy.”

 

As to the newly added Head XXI, it is practically identical with the original Article III-256 of the European Constitution Treaty – however, there is an additional objective of supporting the interconnection of energy networks.

 

Most of measures in the area of energy sector will be adopted through the ordinary legislative procedure, i.e. jointly by the European Parliament and Council of the European Union, which passes decisions by qualified majority. The energy sector is included in so-called shared competences, and the member states lose a possibility to exclusively control this strategic area, (previously, the so-called unanimity applied to adopting any proposals by the member states).

 

The modifications do not affect the right of a member state to set conditions for utilising its energy sources, its choice from among different energy sources and basic structure of its energy supply.

 

The Reform (Lisbon) Treaty was signed by representatives of the EU member states on December 13th, 2007, and underwent a ratification process in all the member states. The Treaty of Lisbon entered into force on 1 December 2009.

Do not miss NWR Open Mine Magazine No. 1/2012
The Company Magazine...here

NWR Open Mine Magazine No. 4/2011
The Company Magazine...here

Announcement of suspected fraud

OKD, a.s., has been currently exposed to fraudulent activity by unknown individuals in Germany.
Full version of the document in English and German is here.


BUSINESS INTEGRITY POLICY

This policy was adopted by the Board of Directors of New World Resources Plc on 15 November 2011 and shall have immediate effect.
Full version of the document is here.


NWR Open Mine Magazine No. 3/2011
The Company Magazine...here

NWR Open Mine Magazine No. 2/2011
The Company Magazine...here

NWR Open Mine Magazine No. 1/2011
The Company Magazine... more

Company code of ethics

The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.

The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.

Full version of the code


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