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During the preparations for its IPO, STRABAG SE implemented the rules of the Austrian Code of Corporate Governance (ÖCGK). STRABAG SE is now fully and without exception committed to the Austrian Code of Corporate Governance as amended in January 2010 (ÖCGK 2010) and with the Code’s objectives. STRABAG SE sees compliance with all the rules contained within the Code as a top priority. For this reason, we not only pledge to abide by the minimum requirements but also endeavour to implement “best practice”. This means that we also strive to, without exception, follow all of the so-called R-rules (recommendations).
STRABAG SE is committed to compliance with ÖCGK 2010 with the following exception:
Rule 57 C ÖCGK 2010: Because of the group’s internationality, it can be of an advantage for STRABAG SE to have supervisory board members who also serve as management board members at publicly listed companies – even if this means failure to comply with Rule 57 C. Of course, STRABAG SE will continue to abide by all applicable legal requirements.
STRABAG SE plans to submit annually to an independent evaluation of full and complete compliance with the Austrian Code of Corporate Governance (ÖCGK). Two of these evaluations were undertaken for the 2008 and 2009 financial years by Berger Saurer Zöchbauer Rechtsanwälte. The full evaluation reports are available in the download area.
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