Annual Report 2021

Annual Report 2021

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GRI 102-25 Processes in place for the Board of Directors to avoid conflicts of interest

Conflicts of interest are avoided via the Regulations in the Articles of Incorporation concerning the number of permissible activities. The Organisational Regulations of the Board of Directors stipulate how conflicts of interest of members of the Board of Directors are avoided. The members of the Board of Directors are obliged to refrain from involvement in the handling of matters affecting either their personal interests or those of a company with which they have an affiliation. This obligation to refrain from involvement has no influence on the requirements for a quorum when passing resolutions. Business dealings between the company and governing bodies or related parties are subject to the principle of conclusion at conditions as with independent third parties.