Good corporate governance is in the interest of shareholders, policy holders and the staff members of Viridium Group. We thus attribute great importance to the resulting requirements for management and organisation of Viridium Group and its portfolio companies.
The rules of good corporate governance include all areas of Viridium Group. These rules address questions relating to management, corporate control and transparency. Basis of our corporate governance are clearly defined structures and processes that follow clear legal, regulatory and internal rules.
Standardised control system
Our internal control system is based on the internationally recognised COSO standard. All stakeholders can rest assured that the Group as well as the portfolio and service companies will be managed responsibly and with a focus on sustainable value creation.
Besides, efficient practices within the management board and supervisory board, good collaboration between these bodies, with the company's employees and open and transparent corporate communication are very important.
Effective Compliance Management System
With an effective compliance management system, the Viridium Group ensure compliance with legal, regulatory and internal rules of the company. Thus, the interests of various stakeholders are respected and risks for the company are avoided. The compliance with legal rules and regulations is a natural obligation. In addition, a number of internal guidelines and regulations set the framework for compliant and ethical behavior.
The measures and mechanisms implemented by the Viridium Group to ensure good Corporate Governance have proven their value in practice. Nevertheless, specific adjustments are being continuously assessd in order to amend and further improve management and control instruments as well as disclosure according to current circumstances.