Corporate Governance

Corporate Governance in the Vienna Insurance Group

The Vienna Insurance Group has declared its adherence to the Austrian Code of Corporate Governance for years, and each year reports on its compliance with the Code’s provisions in the Annual Report as well as on the Internet.

The Vienna Insurance Group views corporate governance as an on-going process that changes constantly in response to new conditions and current trends and that must be continuously improved for the benefit of the
Group and all of its stakeholders.

The goal of all Corporate Governance measures taken is to ensure responsible corporate management oriented towards long-term growth with simultaneously effective company controls.

In this regard, the Vienna Insurance Group’s new corporate structure, introduced in mid-2010, creates clear areas of responsibility and enables optimal management of activities in Central and Eastern Europe. The Vienna
Insurance Group, as a listed group holding company, concentrates on international management and thereby ensures the Group’s efficient and successful continued development.

As part of corporate governance in practice, the Managing Board, the Supervisory Board and the employees of the Vienna Insurance Group all regard observance of and compliance with the rules of the Austrian Code of Corporate
Governance to be a matter of great importance.

Corporate Governance Report

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