Corporate Governance

The L-Rules ("Legal Requirement") are observed in their entirety in accordance with the law.

VIG Holding differs from the rules of the Code for the following C-Rule ("Comply or Explain") and explains this as follows:

Rule 52a
According to C-Rule 52a of the Austrian Code of Corporate Governance, the number of members on the Supervisory Board (without employee representatives) shall be ten at most. In 2022, the Supervisory Board of VIG Holding consisted of twelve members elected by the Annual General Meeting. The number of members in the Supervisory Board is due to the fact that the company operates over 50 insurance companies and pension funds in 30 countries. This makes it possible to include additional expertise with respect to the internationality and further growth of the Group, including in response to increasing regulatory requirements.

All R-Rules ("Recommendation") are fulfilled in the spirit of transparency.

VIG Holding performs voluntary external evaluation of compliance with the C-Rules of the Code at least every three years according to C-Rule 62 of the Austrian Code of Corporate Governance. The last evaluation was performed for the consolidated corporate governance report for financial year 2020 by KPMG and Wolf Theiss and concluded with positive reports. The next evaluation is scheduled for financial year 2023.