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Corporate Governance

The Austrian Corporate Governance Codex provides Austrian stock corporations with a framework for management and control. In 2003, the Management Board and the Supervisory Board of voestalpine AG resolved to recognize this Codex.

Austrian Corporate Governance Codex

The Austrian Corporate Governance Codex became effective in October 2002. The Codex provides Austrian stock corporations (Aktiengesellschaften) with a framework for management and control.

The basis of the Codex

The Codex is based on the provisions of Austrian stock corporation, stock exchange, and capital market law, as well as the OECD Principles of Corporate Governance. Since 2002, the Codex has undergone a number of revisions. The latest amendment was made in July 2012. Companies voluntarily undertake to adhere to the Codex.

The goal of the Codex

The Codex aims to establish a system of management and control of companies and groups that is accountable and geared to create sustainable, long-term value. It is designed to increase the degree of transparency for all stakeholders of a company.

voestalpine

The Management Board and the Supervisory Board of voestalpine AG recognized the Corporate Governance Codex in 2003 and have also implemented the amendments introduced since that date.

Additional information on the Corporate Governance Codex

Compliance with the Austrian Corporate Governance Codex

In addition to the mandatory L-Rules, the Company also complies with all of the “C-Rules” and the “R-rules” of the Codex.
The Corporate Governance Codex contains the following rules:
“L rules” (= Legal) are measures prescribed by law;
“C rules” (= Comply or Explain) must be justified in the event of non-compliance;
“R rules” (= Recommendations) are recommendations only.

About voestalpine The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.
Facts
50 Countries on all 5 continents
500 Group companies and locations
48,100 Employees worldwide
Earnings FY 2013/14
11.2 Billion Revenue
1.4 Billion EBITDA
  • voestalpine Share - Last Price:   30.89 € (-0.01 € / -0.03 %)      24.10.2014 17:45 MEZ Wiener Börse (ATX 2,160.50+)
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