Find all information about the Code of Corporate Governance, the Corporate Governance Report and evaluation reports on this page.
The UNIQA Group is committed to complying with the Austrian Code of Corporate Governance in the latest respective version. We publish this declaration of compliance in our Group Report and on the Group website. The Austrian Code of Corporate Governance is publicly accessible at www.corporate-governance.at.
We commission external experts to assist in the evaluation of our corporate governance activities. We publish the report on each external evaluation as per rule 62 of the Austrian Code of Corporate Governance on our Group website.
Code of Corporate Governance
The Austrian Code of Corporate Governance is concerned with ensuring responsible company management based on sustainable and long-term creation of value. We aim to use our commitment to the Austrian Code of Corporate Governance to help boost the confidence of shareholders in the Austrian capital market. The Code establishes a regulatory framework for the management and supervision of listed companies and is amended and refined annually by the Austrian Working Group for Corporate Governance.
Corporate Governance Report
We are committed to following the Austrian Code of Corporate Governance.
Comply or Explain
The “L rules” (legal requirements) detailed in the Code are adhered to in full. However, UNIQA deviates from the provisions of the version of the Code applicable to the year under review with regard to the “C rule” (Comply or Explain) below, which it explains as follows:
Due to the growth of the UNIQA Group’s shareholder structure and the special nature of the insurance business with regard to the investment of insurance assets, a number of contracts are in place with companies associated with individual members of the Supervisory Board. Should such contracts require approval by the Supervisory Board in accordance with Section 95 paragraph 5 item 12 of the Austrian Stock Corporation Act (rule 48), the details of these contracts cannot be made public for reasons of company policy and competition law. In any case, all transactions are handled on the basis of customary market conditions.
Implementation of and compliance with the individual rules of the Code are evaluated annually in accordance with rule 62. Primarily through the use of a questionnaire, this audit evaluates whether the company complies with the Austrian Code of Corporate Governance, as published by the Austrian Working Group for Corporate Governance.
The results of the most recent audit can be found in the evaluation report.