The term “corporate governance” relates to the responsible and transparent management and supervision of a company aimed at ensuring sustainable value creation.
Effective corporate governance in accordance with the highest national and international values and principles is a core element of corporate culture for the Audi Group in all its divisions. Major aspects include good relations with investors, effective collaboration between the Board of Management and the Supervisory Board, a performance-based remuneration system for management and staff, as well as openness and transparency in corporate communications.
As a stock corporation subject to German law, for AUDI AG the terms of corporate governance are essentially laid down by the relevant German legislation and by the recommendations and suggestions set out in the German Corporate Governance Code.
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