Corporate governance 2014

Corporate governance is the manner in which an enterprise is managed and controlled. VP Bank Group strives to conduct exemplary corporate governance in a way that clearly defines and allocates, in a balanced manner, the roles, competencies and areas of responsibility of the company’s management and supervisory bodies. This applies, in particular, to the operational management as well as to the Board of Directors and its committees. It is also the objective of good corporate governance to avoid conflicts of interest between the individual stakeholder groups. This requires a high degree of transparency, as even the best internal structures cannot foster trust unless they are communicated to the outside world.

VP Bank Group offers its stakeholders an insight into its decision-making and control processes. For a number of years, it has therefore voluntarily disclosed information on the Group’s strategic orientation and its relationships with its stakeholders.

This report describes the basic principles underlying the corporate governance of VP Bank Ltd, Vaduz, as required by the revised “Directive on Information Relating to Corporate Governance” (DCG) of SIX Swiss Exchange dated 1 September 2014 as well as the relevant laws of Liechtenstein.

The regulations of SIX Swiss Exchange stipulate that companies whose shares are listed on the Exchange but not in their own home countries must apply the provisions of Art. 663bbis CO by analogy. The relevant details are set out in Section 5.2 as well as in the notes to the annual financial statements .

Unless otherwise indicated, all corporate governance disclosures herein are valid as at 31 December 2014.