The Government Commission German Corporate Governance Codex has drawn up and summarized the principles of good, responsible corporate management. The Codex contains the major legal regulations governing corporate management and the monitoring of listed companies and, in the form of recommendations, reflects internationally and nationally recognized standards of conduct. In addition, it contains advice on good, responsible corporate management.
The Management Board and Supervisory Board of UniCredit Bank AG have decided to reverse the decision to comply voluntarily with the German Corporate Governance Code as of January 1, 2014. Nevertheless, good corporate governance in the sense of responsible and sustainable company management will be maintained going forward.
Publication in accordance with Art. 450 Capital Requirements Regulation (CRR) read in conjunction with section 16 for remuneration systems and remuneration policy
UniCredit Bank AG is obliged to publish information on its remuneration policy, remuneration systems as well as remuneration paid to risk takers in accordance with Article 450 of the Capital Requirements Regulation (CRR), read in conjunction with Section 16 of the Remuneration Ordinance for Institutions:
Publication in accordance with Bank "Institutsvergütungsverordnung" for Design of the remuneration systems / Composition of the remuneration / Method of granting
Basically the remuneration systems of UniCredit Bank AG are determined by the type of the employment contract (e.g. for Pay scale Employees) respectively by the hierarchical levels (e.g. Top Management below Management Board level). In this respect they are consistently applied cross divisional. A sole exception is the compensation system of Investment Banking, which is valid only in this division.
Subsequent all remuneration systems of UniCredit Bank AG are described in detail: