Investor Relations

Corporate Governance Report

Last update 18 April 2016

 

The Vienna Insurance Group complies with all of the "legal requirements" of the Austrian Corporate Governance Code as required by law.

Vienna Insurance Group deviates from one “comply or explain” rule, as explained below:

Rule 41:

The Supervisory Board shall set up a nomination committee. In cases of Supervisory Boards with no more than six members (including employee representatives), this function may be exercised by all members jointly. The nomination committee submits proposals to the Supervisory Board for filling positions that become available on the Managing Board and handles issues of successor planning.

Explanation:

Because of its special importance, the entire issue of successor planning is handled by the Supervisory Board. The Vienna Insurance Group Supervisory Board has therefore not established a nomination committee.

External Evaluation of Compliance with the Code

Vienna Insurance Group had a voluntary external evaluation performed in compliance with the Code for 2015 in accordance with the C-rule 62. KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft was commissioned to perform the voluntary external evaluation of the corporate governance report of 2015. The rules 77-83 were examined by Wolf Theiss Rechtsanwälte GmbH & Co KG. The evaluations all came to the conclusion that VIG has complied with all the requirements of the Code.

 

DocumentDownloadreleased on
Corporate Governance Report VIG 2015417 KB18 April 2016
Evaluation KPMG 24 KB18 April 2016
Evaluation Wolf Theiss228 KB18 April 2016