Good corporate governance is a top priority for Ascom, its Executive Management, and its Board of Directors. As a listed, publicly traded international company, Ascom is committed to good Corporate Governance in order to ensure a sustainable development of the Group.
The information published in the 'Corporate Governance Report' follows the SIX Swiss Exchange directives on standards relating to Corporate Governance. In particular, Ascom is committed to transparent and comprehensible reporting.
The 'Remuneration Report' contains information about Ascom's remuneration policies, and remuneration for the preceding year. The compensation of members of the Board of Directors and the Executive Board is based on the Articles of Association as revised in April 2015. The compensation shall be adequate, competitive and performance-oriented. It shall be set in line with operative and strategic goals, the success of the Company, and the long-term interests of the shareholders.
Compliance is essential for an international group such as Ascom. Public and private stakeholders expect Ascom to conduct its business in accordance with applicable standards and regulations. But for Ascom, compliance goes further. It means a commitment to responsible corporate behavior at all levels.
Ascom is guided by its 'Code of Ethical Business Conduct'. This document spells out the core legal and ethical standards expected of all Ascom employees worldwide. Ascom regularly offers its employees and managers appropriate training in order to maximize corporate transparency and compliance.
The business and financial newspaper 'Finanz und Wirtschaft' awarded Ascom a top 3 position in its 2017 Board of Directors ranking. 'Finanz und Wirtschaft' considered 168 listed companies in Switzerland. The ranking assessed the composition of the Board of Directors, its member's independency, as well as the remuneration policy and aspects of compliance and transparency.
A professional survey of Swiss listed companies awarded Ascom a top-notch ranking for corporate transparency. Ascom aims to meet the high demands of the financial community in regards to Corporate Governance and the Company puts all efforts in improving the transparency for its financial stakeholders.
Ascom is committed to complying with existing laws and the policies of the Company. For the Group it is important that employees can easily raise any concerns regarding potential violations of internal regulations and existing laws. To promote the ethical standards in Corporate Governance, Ascom maintains for its workforce an internal whistleblower channel that facilitates the reporting of potential violations of Group policies and applicable laws.