It is at times of crisis that economic risks become more than evident. Stronger controlling mechanisms are needed to recognise and react to adverse situations.
With the German “Corporate Sector Supervision and Transparency Act” (Gesetz zur Kontrolle und Transparenz im Unternehmensbereich – KonTraG – similar to Sarbanes Oxley Act and in effect since 1 May 1998), the legislative body established clear guidelines for the minimisation of risks.
Values and principles that steer towards an ethical and transparent business conduct enable not only the adequate handling of increasing corporate responsibilities but also living up to expectations of business partners, customers and employees. The German Corporate Governance Codex summarises legal stipulations and recommendations for publicly listed companies in Germany to be mirrored in responsible governance.
The adherence to these recommendations and suggestions, as well as their implementation in day-to-day business, make a positive contribution to a company’s reputation in the public eye, protect it from possible financial penalties and help reaching corporate goals.
SIGNUM supports you throughout the implementation of these guidelines with consulting services in the following areas: