Corporate Governance
Our corporate mission is rooted in our sense of responsibility. We believe it is our duty to deal faithfully with all stakeholders and deliver long-term and sustainable value appreciation. These principles are the foundation of good corporate governance not only at Progress-Werk Oberkirch Aktiengesellschaft but also ist Group companies.
For the first time for financial year 2017, PWO is obliged to draw up and disclose a non-financial declaration for the company and the group in the management report or a separate non-financial report. This should deal with environmental, employee and social issues, as well as with human rights compliance and the fight against corruption and bribery.
The remuneration report presents the Management Board’s and Supervisory Board’s remuneration pursuant to the applicable accounting principles of the German Commercial Code (HGB) and German Accounting Standards (GAS 17) and the recommendations of the German Corporate Government Code (GCGC) in the valid version dated February 7, 2017.