It is to combine the functions of a management board and supervisory board and simplify the structure of bodies in a simple joint-stock company - in particular in relation to a "traditional" joint-stock company. How to appoint a board of directors? Who is the executive director and who is the non-executive director? What are their competences?
P.S.A. (Simple Joint-Stock Company) is a new type of company to form in Poland – created for further development of start-up market and enterprises engaged in new technologies, making it easier to collect funding and invest in new ideas.