Corporate Governance

The L-Rules ("Legal Requirement") are observed in their entirety in accordance with the law.

VIG Holding differs from the rules of the Code for the following C-Rule ("Comply or Explain") and explains this as follows:

Rule 52a
According to C-Rule 52a of the Austrian Code of Corporate Governance, the number of members on the Supervisory Board (without employee representatives) shall be ten at most. In 2024, the Supervisory Board of VIG Holding consisted of twelve members elected by the Annual General Meeting. The number of members in the Supervisory Board is due to the fact that the company operates over 50 insurance companies and pension funds in 30 countries. This makes it possible to include additional expertise with respect to the internationality and further growth of the VIG Group, including in response to increasing regulatory requirements. The decision was taken by the Supervisory Board and the Annual General Meeting in 2021.

Rules which are merely recommendations (“Recommendations”); non-compliance with rules which are merely recommendations do not need to be disclosed or explained.

C-Rule 62 of the Austrian Code of Corporate Governance provides for voluntary external evaluation of compliance with the C-Rules of the Code. VIG Holding carries out such an evaluation every third year. The most recent audit of the consolidated Corporate Governance Report was for the 2023 financial year. All evaluations came to the conclusion that all requirements of the Code were fulfilled. The next evaluation is planned for the 2026 financial year.

• 2023 VIG Corporate Governance Report Evaluation KPMG
• 2023 VIG Corporate Governance Report Evaluation Wolf Theiss