The HIRSCH Servo Group is dedicated to sustainability, and adheres to the principles of corporate governance. The Managing Board and the Supervisory Board have declared their support for the goals of the Austrian Corporate Governance Code, and are committed to managing the Company to create a sustainable increase in value and earnings and also ensure a high degree of transparency for all stakeholder groups.
The information required by the Austrian Corporate Governance Code can be found under the relevant subjects in the annual report, management report or here on our homepage.
The rules of the Austrian Corporate Governance Code are subdivided into three categories. The first category, L-Rules (Legal Requirements), represent binding legal regulations and compliance is mandatory.
The second category, C-Rules (Comply or Explain), must be followed or reasons must be provided for any deviation (see our Corporate Governance Report).
The R-Rules (Recommendation) have a non-binding recommendation character, and companies may deviate from these rules without explanation.
Download: Austrian Code of Corporate Governance July, 2012
