Corporate Governance

Principles

The Raiffeisen Group’s most important corporate governance rules are established in the Articles of Association, the organisational regulations, the Terms and Conditions of Business, 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 the regulatory documentation obligations are 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 for Raiffeisen, its application can be reasonable for unlisted companies like a cooperative as well. Content that does not apply to the Raiffeisen Group is only mentioned in exceptional cases.

The corporate governance 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 2020.