Governance Principles

This pillar addresses the evolution of the concept of governance, recognizing that organizations are increasingly defining and incorporating their purposes at the center of their operating strategies. However, this does not exclude the principles associated with Agency Theory, accountability, and stewardship, which continue to be vital for strong corporate governance.

  • Chair of the highest governance body

    Stakeholder Capitalism Metrics Dimension (WEF)

    Related Material Issues


    The Chairman of the Board of Directors is not a member of the Company’s Executive Board. In addition, all members of the Fiscal Council are independent. The Board of Directors is chaired by a member of the controlling group. However, the Chairman does not hold an executive position in the organization.