Corporate Governance is the name given to the comprehensive set of rules that characterise responsible management and control of companies and corporations, and are geared towards sustainable, long-term value creation. For CA Immo International this is more than a simple vision, but rather represents a philosophy to which it adheres on a daily basis that creates confidence and ensures the value of the company in the long term. In doing this the company follows the guidelines of the Austrian Corporate Governance Code.
The aim of the entire corporate governance discussion is the responsible management and control of companies and corporations, geared towards sustainable, long-term, value creation. The Corporate Governance Code is voluntarily adopted by companies and designed to provide a high level of transparency for all stakeholders. The Code is based on the provisions of Austrian share, stock and capital market law and the principles of the OE CD directives on corporate governance.
The Austrian Corporate Governance Code was revised in January 2006, and the revised version applies to all business years from 1 January 2006. The changes essentially comprise the implementation of core areas of the EU recommendations on the role of supervisory boards and the remuneration of directors, and the adjustments necessitated by the 2005 Company Law Amendment Act. Austria‘s Corporate Governance Code therefore also complies with European and international standards.