Clearly defined lines of responsibility and a high degree of transparency are vital factors in the success of Precious Woods’ efficient business management and strong, responsible corporate culture. We believe that by embracing the principles of corporate responsibility we are benefiting all stakeholder groups of Precious Woods: shareholders, employees, customers, suppliers and communities.
The following Corporate Governance Report is based on the Corporate Governance Directive of the SIX Swiss Exchange. To avoid repetition, some sections contain cross-references to other chapters in this Annual Report and to Precious Woods’ website (www.preciouswoods.com). The following abbreviations are used:
BoD = Board of Directors
GM = Group Management