On 1 October 2002, the Austrian Code of Corporate Governance was presented to the public for the first time. This Code of Corporate Governance
gave listed companies a set of voluntarily rules to help them establish good corporate governance and control systems.
Austrian laws on stock markets and capital markets have been supplemented by a self-regulatory standard based on the principle of comply or
explain. The Austrian Code of Corporate Governance has initiated a lot of positive changes and has helped strengthen the confidence of international
and national investors in our market. It serves as a benchmark in the Austrian capital market for good governance and controls, and has become
an essential component of the Austrian system of corporate governance.