Corporate governance: introduction
The Management Board and Supervisory Board are responsible for the preparation of, and compliance with, a proper corporate governance structure within Corio.
Corporate governance provides good business practice, including ethical and transparent conduct on the part of the Management Board, and proper supervision of its conduct, including giving an account of the supervision exercised.
For 2008, Corio again sets out the main features of the company’s corporate governance structure, covering new developments and/or changes where applicable and, in doing so, reports on and explains its compliance with the principles set out in the Dutch corporate governance code that apply to the Management Board or Supervisory Board. If the company failed to comply with any of those principles in 2008 or if it does not intend to do so in the current year, it would have to explain the reasons for non-compliance (the ‘comply or explain’ principle). Except where otherwise indicated in this report, the company has complied with all the applicable principles and best-practice provisions and shall continue to do so in 2009. A checklist specifying the extent to which Corio complies with the principles and best-practice provisions has been posted on its website (www.corio-eu.com).
A new corporate governance code was introduced by the Corporate Governance Monitoring Committee on 10 December 2008. Corio intends to comply with the new code’s principles and best-practice provisions during 2009.
Source: Annual Report 2008, Chapter Corporate governance, page 124 (PDF, 72 kB)
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