Corporate Governance

In line with its corporate values, EGL is committed to managing its business in a professional and transparent manner, and regards good corporate governance as an important prerequisite for success.
 
Excerpts of the most important elements in the report are presented here. To view the entire report, please refer to the latest EGL Group Annual Report.

Board of Directors
Board members are elected for a period of three years and may be re-elected. There is no restriction on the number of terms of office. However, members of the EGL Board of Directors are only eligible until the age of 65. Newly elected members take over the predecessors’ term of office.

The Board of Directors is self-constituting. It appoints the Chairman and the Vice Chairman for a period of three years, as well as the Secretary, who need not be a member of the Board of Directors. The Board of Directors may appoint committees from among its members to perform special duties and assign them the necessary competences.

Risk Council
In addition to the Board Committees there is a Risk Council. The Risk Council issues guidelines on entering into trading risks and monitors EGL’s risk situation.

External auditors
The mandate to act as external auditors for EGL AG and to carry out the EGL Group audit was awarded to KPMG AG, Basel.

Internal auditors
The internal audit of all EGL Group companies was performed by Pricewaterhouse-Coopers (PwC).

EGL Business Principles