Code requirements and recommendations met in full
We believe that good corporate governance is an important prerequisite for a successful, capital market-oriented company. It helps secure the company's assets, retain enterprise value and supports a healthy share price. Moreover, it fosters the confidence of investors, business associates and the general public in IVG's management and supervision.
Corporate governance refers to the entire system by which a company is managed and monitored, its corporate principles and guidelines, and the system of internal and external controls and supervision over the company's operations. Good, transparent corporate governance ensures that our company will be managed and monitored in a responsible manner geared to value creation.
On 18 November 2011, we issued a Declaration of Compliance pursuant to § 161 of the German Stock Corporation Act (AktG) regarding the recommendations of the German Corporate Governance Code. The full version can be seen below as well as on our website. In addition to the current Declaration of Compliance, past versions are also available on the IVG website.
We comply with all recommendations of the German Corporate Governance Code, which was last amended on 26 May 2010. We also follow the recommendations and principles promulgated by the Initiative Corporate Governance (ICG) of the German property industry.