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Corporate governance is the manner in which an enterprise is managed and controlled. |
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Vigilance |
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VP Bank strives to conduct exemplary corporate governance in a manner that clearly defines and appropriately allocates the roles, competencies and areas of responsibility of the company's leadership and supervisory bodies. That applies in particular to the operative management as well as to the Board of Directors and its committees.
It is also the objective of good corporate governance to avoid conflicts of interest between the individual stakeholder groups. That requires a high degree of transparency, because even the best internal structures cannot foster trust unless they are communicated to the outside world. It is VP Bank Group's desire to offer its stakeholders insight into its decision-making and control processes. |
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Transparent |
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Verwaltungs- und Privat-Bank Aktiengesellschaft, Vaduz (hereinafter referred to as VP Bank), is a joint-stock company constituted in accordance with Liechtensteinlaw. It is the parent company of VP Bank Group. The organization chart shows the Group's operating structure and reflects the organization by segment of VP Bank Group. |
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The subsidiary companies and material shareholdings included in the scope of consolidation are listed in the Financial Report, together with their name, registered office, share capital and percentage of share capital held. Members of the Head Office's senior management, i.e. Group Executive Management(GEM), are represented on the boards of directors of the consolidated companies. As a general rule, either the CEO or another member of the GEM acts as Board Chairman of the subsidiary company. |
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VP Bank and corporate governance |
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The VP Bank Group fully supports a high degree of transparency. The principles of responsible corporate management create trust and are communicated both in-house and to the outside world. |
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