Corporate Governance

Commitment to Transparency

Erste Financial Services decided to base its corporate governance on the German Corporate Governance Code (GCGC), in its current version and any revised versions, although only listed German companies are required to comply with the GCSC.

The GCGC reflects essential statutory regulations for the management and supervision of German listed companies and contains nationally and internationally recognised standards for good and responsible governance. The code clarifies the obligation of the Managing Board and the Supervisory Board to ensure the continued existence of the enterprise and its sustainable creation of value in conformity with the principles of the social market economy.

Pursuant to the GCGC, Erste Financial Services will publish future declarations of conformity at this address.