Corporate Governance

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.

Some sections contain cross-references to other chapters in this annual report and to the Precious Woods website (www.preciouswoods.com) in order to avoid repetition and to bundle information in a targeted form. The following abbreviations are used:

BoD = Board of Directors

GM = Group Management