Published on 1 October 2002 for the first time, the Austrian Code of Corporate Governance (ACCG) provides a set of rules for the responsible management of enterprises in Austria. As stated in the preamble, the aim of the Code is to establish a system of management and control that is accountable and is geared to creating sustainable, long-term value. The transparency which arises from adhering to the Code is beneficial to the interests of every stakeholder and promotes trust. Although the ACCG is mainly aligned towards Austrian listed companies, Hypo Alpe Adria is also clearly committed to the rules of the Code. Hypo Alpe Adria considers the ACCG to be an important outline and its rules have had a significant impact on the ongoing restructuring programme. Complying with internationally accepted standards for good corporate management, ethical behaviour and thereby promoting trust are key components of the Group’s realignment process.
Austrian Code of Corporate Governance (368 KB)