Corporate governance pertains to the guidelines that govern how a company is managed and supervised.
Vigilance
The VP Bank Group strives to maintain exemplary corporate governance, a process that clearly defines and prudently allocates the roles, competencies and areas of responsibility of its management and supervisory bodies. This applies in particular to the operative management of the Group as well as the Board of Directors and its committees.
Another objective of exemplary corporate governance is to avoid conflicts of interest between the various interest groups. For that reason, the VP Bank Group provides its stakeholders with insight into its decision-making and controlling processes.
Transparent
Verwaltungs- und Privat-Bank Aktiengesellschaft is constituted as a joint-stock company under Liechtenstein law. It is the parent company of the VP Bank Group. The organizational chart reveals the operative structure of the company and reflects the parent-level organization of the VP Bank Group.
The Group’s subsidiary companies and significant financial interests are disclosed in each annual report. Members of senior management at the parent bank – i.e. «Group Executive Management (GEM)» – have seats on the boards of the consolidated companies. As a general rule, the CEO or another GEM member acts as Chairman of the Board of the various subsidiary companies.
VP Bank and corporate governance
The VP Bank Group fully supports a high degree of transparency. The principles of responsible corporate management create trust and are communicated both in-house and to the outside world.
