Best practices of companies listed on the Warsaw Stock Exchange (hereinafter: BPLC 2021) are the rules for creating and applying an effective corporate governance system. These rules pertain to information, control, motivation and organisational areas. The attitude of companies to rules regarding internal systems and functions that enable ongoing control and mitigation of business risks is an important aspect of the improvement of supervision effectiveness. This paper focuses on Rule III (Internal systems and functions), which promotes appropriate design and application of internal corporate governance mechanisms, i.e., internal control, compliance and risk management systems as well as the internal audit function. The paper presents an analysis of information regarding compliance with internal systems and functions that has been reported by selected WSE listed companies. Its aim was to find out to what extent companies comply with the promoted solutions strengthening internal corporate governance mechanisms, which rules are applied by companies to a limited extent and which are not applied at all. The analysis results allowed presenting the stance of the management boards of the analysed companies regarding the need to introduce additional independent internal corporate governance mechanisms. The analysis indicates that it is often difficult for the management board (agent) to see the role played by the internal auditor in an independent assessment of the internal control system as positive.
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