BKW’s Board of Directors and the Group Executive Board attribute great importance to good corporate governance in the interests of its shareholders and other stakeholders such as customers, public corporations and employees. In addition to the relevant legal provisions, the basic principles and rules relating to corporate governance at BKW are embodied in BKW’s articles of incorporation, organisational regulations, Code of Conduct and regulations governing the BKW Board Committees.
BKW guarantees the required level of transparency and allows its shareholders and other stakeholders to make their investment decisions on the basis of sound facts. With the implementation of the recognised corporate governance principles as well as a balanced combination of management and controls, BKW also manages the company in a value-driven, sustainable manner according to statutory requirements. To this end, BKW also integrates material sustainability aspects in its corporate strategy. It is based on regional and global challenges and integrates various stakeholders across dialogue processes.
The management structure of BKW is designed so that responsibilities are clearly assigned and unilateral concentration of powers and conflicts of interest are avoided. In line with this, the functions of Chairman of the Board of Directors and CEO are separate. Furthermore, no member of the Board of Directors has an executive function. All members of the Board of Directors, with the exception of Andreas Rickenbacher who was delegated by the Canton of Bern, were nominated for election individually at the General Meeting in May 2019. For many years, the Board of Directors has included both male and female members. The Board of Directors thereby also ensures the diversity of its membership.
The information below is presented in accordance with the current requirements of the corporate governance guidelines of the SIX Swiss Exchange and the Swiss Code of Best Practice for Corporate Governance 2016 produced by economiesuisse. Remuneration of the top-level management of the company is reported in the Remuneration Report contained on pages 145 to 155. The information disclosed in this report reflects the situation at 31 December 2019. Any material changes that have been agreed or have occurred between this date and the printing of the report are listed in Note 10 of this report. The articles of incorporation of BKW AG at www.bkw.ch/statutes, the organisational structure of the Group Executive Board at www.bkw.ch/organisation, the Code of Conduct at www.bkw.ch/codeofconduct, sustainability reports at www.bkw.ch/sustainability and a range of other useful information can be found on the BKW website.