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Corporate Governance

Corporate governance plays a key role for Kapsch TrafficCom because close cooperation between the company’s management and Supervisory Board is essential in order to safeguard shareholder interests. Kapsch TrafficCom AG declares its voluntary commitment to the January 2015 version of the Austrian Code of Corporate Governance, which can be downloaded from below or the website www.corporate-governance.at.

 

In the 2016/17 fiscal year which ended on March 31, 2017, Kapsch TrafficCom satisfied all of the conditions of the January 2015 version of the ACCG in terms of content with the following statements:

  • C-Rule 27 – The profit-based variable remuneration components of Mr. Laux and Mr. Lewald are based on the operative profitability of the company (concrete: the operating result, EBIT). The percentage rate to be applied for the calculation was measured at the time of the conclusion of the contract in such a way that the variable part is not forecast to exceed the fixed payment in any year of the appointment to the Executive Board. Upper limits for the variable remuneration going beyond this provision can be waived.
     
  • C-Rule 27a – In order to limit the amount of possible severance pay in the case of the premature termination of an appointment to the Executive Board without cause, it is envisaged to limit the duration of employment contracts to three years per term of office. Further limitations in this regard are not to be implemented on the relevant labor market and shall not be considered expedient.

The decision regarding these deviations was made by the Supervisory Board of Kapsch TrafficCom AG.