Corporate governance of Interogo Holding AG
We believe good corporate governance begins with having co-workers who share both our culture and commitment to continuously strengthen our group as a reliable and trustworthy partner. Among other things, this means leading by example and always staying close to reality and our businesses.
We also recognise that governing structures, risk management and internal control are core functions of any business and decisive for our integrity and ability to uphold trust towards our many stakeholders.
The business of Interogo Holding AG is governed by the General Meeting of the shareholders, the Board of Directors, the CEO, the CFO (the CEO and the CFO jointly - the Management) and the external auditor. The Board of Directors and the external auditor are elected at the General meeting of the shareholders. The Board of Directors appoints the CEO and the CFO.
The Board of Directors of Interogo Holding AG has a central role in the Group’’s decentralised business model and the involvement of Interogo Holding AG as an asset manager and active owner.
Among other things, it is responsible to set the overall direction and strategy of Interogo Holding AG and the Interogo Group, capital allocation and key issues related to investment activities. It has the ultimate
responsibility for the organisation and administration of Interogo Holding AG. The work of the Board of Interogo Holding AG is guided by a documented working process.
The Board of Directors has appointed an Audit Committee whose primary purpose is to provide oversight of the financial reporting process, the audit process, the systems of internal controls and risk management, and compliance with laws and regulations. The Audit Committee reports to the Board of Directors of Interogo Holding AG.
The day-to-day activities, management and representation of Interogo Holding AG is delegated by the Board of Directors to the Management. The CEO is responsible for Interogo Holding AG’s business operations in accordance with the adopted strategy and instructions set by the Board. The CFO is responsible for financial management, reporting and internal controls. The Management jointly reports to the Board regularly.
The decentralised business model means that each business has far-reaching responsibilities for its own operations. The governance and supervision of the businesses are based on a solid control framework consisting of Group policies and guidelines and governance bodies including boards of directors and in-vestment committees.
Interogo Holding AG is owned by Interogo Foundation in Liechtenstein.
Taxes
Taxes are an important contribution to society. Interogo Group is committed to paying taxes in accordance with laws and regulations wherever it operates. The Group has a decentralised business and decision structure. The companies are capitalised according to their needs. The pricing of intragroup services and transactions are on market terms and follow transfer pricing guidelines.
Obviously, taxes are taken into consideration in business decisions. However, every business decision always starts with looking at what is best for customers, co-workers and the business. We also consider the interest of business partners and other stakeholders, including the societies impacted by our operations.
The consolidated income tax paid by the Interogo Group are disclosed in our financial reporting.