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It is the standard for good corporate governance and control in Austria. This relates to compliance with legal and regulatory requirements on the one hand and with internal and external obligations on a voluntary basis on the other. The term today also refers to the responsibility of the management of a company to take adequate und effective organizational measures, in order to ensure the lawful conduct of the entity and its employees as well as to swiftly detect any breaches of the law and enforce sanctions accordingly. To this extent, Compliance encompasses all organizational measures which ensure that the company acts in accordance with all applicable rules and regulations. The Vienna Insurance Group Managing Board, Supervisory Board and employees consider observance of and compliance with the rules of the Austrian Code of Corporate Governance to be highly important for the practical implementation of corporate government. The members of the Supervisory Board and the year of their first appointment are available at the following link. The goal of all Corporate Governance measures is to ensure responsible corporate management aimed at long-term growth while simultaneously maintaining effective corporate control.
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