The Management Board and Supervisory Board of Wolford AG are committed to the principles of good corporate governance, thus fulfilling the expectations of national and international investors with respect to ensuring responsible, transparent and sustainable business management. The Austrian Corporate Governance Code in the July 2012 version, which is of relevance to the reporting of Wolford AG, contains 83 rules for good corporate governance which are divided into three categories:
- Rules based on mandatory legal requirements (Legal Requirement)
- Rule based on accepted international standards; non-compliance with these guidelines must be explained and the reasons stated in order to ensure behavior in compliance with the code (Comply or Explain)
- Rules which comprise recommendations; non-compliance requires neither disclosure nor must explanations be provided
The Austrian Corporate Governance Code is publicly available on the Wolford AG Website at http://www.wolford.com/de/corporate-governance-kodex or on the Website of the Austrian Working Group for Corporate Governance at www.corporate-governance.at.