Corporate governance is defined by COMET as all of the principles and practices aimed at safeguarding shareholder interests. While maintaining management's decision-making capability and efficiency, the aim of good corporate governance is to ensure an appropriate balance of leadership and control, along with transparent reporting.
This corporate governance report describes the management structure and control principles in place at the top organizational levels of the COMET Group. The key elements are defined in the Company's Bylaws and its organizational regulations (the Management Organization Manual).
The corporate governance report is based on the requirements of the SIX Swiss Exchange's revised Directive on Information Relating to Corporate Governance (DCG) of September 1, 2014.
In fiscal year 2015 the compensation system was revised to reflect the new Ordinance Against Excessive Compensation at Listed Companies (OAEC; German abbreviation: VegüV) which took effect January 1, 2014. The disclosure requirements of the OAEC of November 20, 2013 were fully complied with in the annual report 2015.