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Corporate Governance
As a citizen participation company, W.E.B feels particularly committed to a responsible and transparent form of corporate management.
The Austrian Code of Corporate Governance basically serves as a set of rules for listed companies in Austria and was designed to supplement Austrian laws on stock markets and capital markets with a set of self-regulatory standards. Unlisted stock corporations may also apply the Code voluntarily.
The Code aims to establish a system of management and control of companies and groups that is accountable and geared to creating sustainable, long-term value. This objective is achieved by means of extensive rules of transparency and internal organization.
For this reason, WEB Windenergie AG has already been complying with the Austrian Code of Corporate Governance since mid-2006. It is applied in accordance with the explanatory notes, as published every year in the W.E.B.-Business report.
Link zur Download-Seite https://web.energy/at/downloads
The Austrian Code of Corporate Governance basically serves as a set of rules for listed companies in Austria and was designed to supplement Austrian laws on stock markets and capital markets with a set of self-regulatory standards. Unlisted stock corporations may also apply the Code voluntarily.
The Code aims to establish a system of management and control of companies and groups that is accountable and geared to creating sustainable, long-term value. This objective is achieved by means of extensive rules of transparency and internal organization.
WEB Windenergie AG considers the Austrian Code of Corporate Governance to play a vital role in strengthening the trust of shareholders, business partners, employees, and the general public in the company.
The amended version of the Austrian Code of Corporate Governance may be accessed at
http://www.corporate-governance.at/
The Austrian Code of Corporate Governance defines different categories of rules:
- L-Regel (Legal Requirement):This rule refers to mandatory legal requirements.
- C-Regel (Comply or Explain): This rule is to be followed; any deviation must be explained and the reasons stated in order to be in compliance with
the Code. - R-Regel (Recommendation): The nature of this rule
is a recommendation; non-compliance with this rule requires neither disclosure nor explanation.
WEB Windenergie AG
Davidstraße 1, A-3834 Pfaffenschlag, Phone: +43 2848 6336, Telefax: +43 2848 6336-14, office@web.energy, www.web.energy
Davidstraße 1, A-3834 Pfaffenschlag, Phone: +43 2848 6336, Telefax: +43 2848 6336-14, office@web.energy, www.web.energy
