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Österreichischer Corporate Governance Kodex. Fassung Jänner 2020

Austrian Code of Corporate Governance January 2020

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Summary

The "Österreichischer Corporate Governance Kodex" is a code of best practices for corporate governance in Austria, which was last updated in January 2020. The code aims to promote transparency, accountability, and responsible management in Austrian companies, with a particular focus on listed companies. The code includes principles and recommendations related to the composition and functioning of the board of directors, the role and responsibilities of the CEO, shareholder rights and engagement, risk management, and corporate social responsibility. The code is voluntary, but listed companies are required to disclose whether they comply with its recommendations and to explain any deviations.

Thumbnail image for The "Österreichischer Corporate Governance Kodex" is a code of best practices for corporate governance in Austria, which was last updated in January 2020. The code aims to promote transparency, accountability, and responsible management in Austrian companies, with a particular focus on listed companies. The code includes principles and recommendations related to the composition and functioning of the board of directors, the role and responsibilities of the CEO, shareholder rights and engagement, risk management, and corporate social responsibility. The code is voluntary, but listed companies are required to disclose whether they comply with its recommendations and to explain any deviations.
Issuer

Austria

Year

2020

Region

Europe

Issuer (type)

Austrian Working Group for Corporate Governance; Office of the Special Government Representative for the Capital Market Development and Corporate Governance (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Finance & Insurance
  • Manufacturing
  • Professional, Scientific, & Technical Services
  • Information
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 14: Life Below Water

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