Corporate governance 2016

Cor­po­rate Gov­er­nance stands for re­spon­si­ble cor­po­rate man­age­ment and con­trol. The “Swiss Code of Best Prac­tice for Cor­po­rate Gov­er­nance” de­fines cor­po­rate gov­er­nance as the en­tirety of prin­ci­ples fo­cused on the in­ter­ests of share­hold­ers which aim to strike a healthy bal­ance of man­age­ment and con­trol whilst main­tain­ing de­ci­sion-mak­ing ca­pa­bil­ity as well as ef­fi­ciency at the high­est level of a com­pany and trans­parency. 

Good cor­po­rate gov­er­nance en­sures trans­par­ent man­age­ment aimed at sus­tain­able achieve­ment. It is de­signed to serve not only the com­pany but also ex­ter­nal stake­holder groups. The over­all frame­work of cor­po­rate gov­er­nance is de­ter­mined to a sig­nif­i­cant de­gree by the leg­is­la­tor and share­hold­ers; the spe­cific man­ner in which it is de­signed is the re­spon­si­bil­ity of the Board of Di­rec­tors.

VP Bank Group strives to win the trust of all stake­holder groups. It thus acts in a fair and trans­par­ent man­ner at all times and grants its stake­holder groups in­sight into its de­ci­sion-mak­ing and con­trol processes. For years, it has thus pub­lished, of its own ac­cord, in­for­ma­tion as to its strate­gic ob­jec­tives as well as its re­la­tion­ships with stake­hold­ers. 

This re­port de­scribes the ba­sic prin­ci­ples un­der­ly­ing the cor­po­rate man­age­ment of VP Bank Ltd, Vaduz 1, as re­quired by the re­vised “Di­rec­tive on In­for­ma­tion Re­lat­ing to Cor­po­rate Gov­er­nance” (DCG) of the Swiss Stock Ex­change, 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 Swiss Ex­change but not in their home coun­try must ap­ply the pro­vi­sions of Art. 663b­bis CO by anal­ogy. The re­spec­tive dis­clo­sures are set out un­der point 5.2 as well as in the notes to the annual financial statements. 

Un­less oth­er­wise in­di­cated, all cor­po­rate-gov­er­nance dis­clo­sures herein are valid as of 31 De­cem­ber 2016.

1. 1
   Here­inafter re­ferred to as VP Bank.