Subject to the company law regulations and requirements under Hungarian law, Gedeon Richter Plc. is primarily and obligatorily entitled to establish a responsible corporate governance system exclusively for Gedeon Richter Plc. that is, the parent company. The corporate governance of each company and subsidiary within the Richter Group (management, internal governance, division of powers and responsibilities, etc.) is developed in accordance with the characteristics and expectations of company law under the national legal system governing the given company or subsidiary.
Both Gedeon Richter Plc. and the Richter Group follow and adhere to the general principles of responsible corporate governance, such as full compliance with the relevant legal environment, regulatory requirements and the requirements of ethical business conduct. Beyond these general principles, Gedeon Richter Plc. follows the Corporate Governance Recommendations of the Budapest Stock Exchange.
Gedeon Richter’s key principles of Corporate Governance are to create and maintain satisfactory dialogue with shareholders so as to enhance shareholder value, to differentiate the roles and responsibilities of the Board of Directors, the Executive Board and the Supervisory Board, and to operate the Group’s business in compliance with legal and regulatory requirements and to maintain the highest ethical standards.
You can find detailed information about our Corporate Governance principles in our Sustainability report.
In addition, we issue a separate report
on the subject every year.