As a citizen participation company, W.E.B feels particularly committed to a responsible and transparent form of corporate management.
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.
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.