Corporate governance principles

The Raiffeisen Group's most important corporate governance rules are established in binding documents such as the Articles of Association, the Terms and Conditions of Business, the organisational regulations, and a series of other instructions and directives. All the statutes and documents relevant to the business (such as the Articles of Association, regulations, instructions, product catalogues, forms and descriptions of processes) are contained in an electronic system of rules. The binding nature of the regulations and regulatory documentation is clearly defined. New issues, processes, products and amendments to existing ones can be handled centrally and made available directly to all staff thanks to this electronic aid.

The following report is largely based on the SIX Swiss Exchange Directive Corporate Governance (DCG). While the DCG is not generally binding on Raiffeisen, it is helpful even for unlisted companies like a cooperative to apply this directive in certain areas. The report deals in particular with the special cooperative organisational structure of the Raiffeisen Group. The various levels of decision-making authority and responsibility are also presented and explained. Except where stated otherwise, all data pertain to the reporting date of 31 December 2017.

The text is structured in accordance with the SIX Swiss Exchange Directive Corporate Governance (DCG). Content that does not apply to the Raiffeisen Group is only mentioned in exceptional cases.