ANDRITZ has adopted the rules of conduct laid down in the Austrian Code of Corporate Governance without restriction and regards the Code as an essential requirement for implementation of responsible company management, which is directed towards creating sustainable and long-term added value and a high degree of transparency for shareholders and other stakeholders.
The Executive Board and the Supervisory Board as well as the entire staff of the ANDRITZ GROUP have committed to complying with the Code.
The Austrian Code of Corporate Governance applicable to the business year (January 2021 edition) is publicly accessible and available on the website of the ANDRITZ GROUP as well as on the website of the Austrian Working Group for Corporate Governance at corporate-governance.at.
The Austrian Code of Corporate Governance is based on a voluntary commitment and goes beyond the legal requirements for corporations.
The consolidated Corporate Governance report explains the structures, processes, and rules implemented with respect to financial management and towards shareholders, and which ANDRITZ follows in the corporate governance sector.
As a publicly listed company with headquarters in Austria, the formal framework for corporate governance is derived from Austrian law, the articles of association, and the rules of procedure for the company boards, as well as the Austrian Code of Corporate Governance.