Petro Welt Technologies AG
Petro Welt Technologies AG: Erratum Corporate Governance Report 2016 – Typographical corrections of May 11, 2017
DGAP-News: Petro Welt Technologies AG / Key word(s): Miscellaneous
“Petro Welt Technologies AG does not follow the recommendations of the German Corporate Governance Code, stating that the remuneration of the Supervisory Board and Management Board should be disclosed individually for each member. The applicable Austrian laws do not state such a legal obligation. The disclosure of the remuneration of each individual board member is not standard in Austria. Pursuant to these Austrian standards the Company’s annual reports of the last years do not contain such information.“ Further, the section “Declaration of compliance” of the Corporate Governance Report 2016 contains a typographical error. The reference to recommendation 5.4.6 of the German Corporate Governance Code was missing. This section should read as follows: “4. Recommendations 4.1.5, 5.1.2 section 1, 5.4.1 section 2 and 3 and 5.4.6: In the revised version of 5 May 2015, the German Corporate Governance Code contains recommendations in respect of diversity and age limits for board members as well as executive employees. Nomination proposals of the Supervisory Board to the relevant nomination boards, as well as nominations for the Management Board shall consider these objectives. The Company’s Corporate Governance Report shall reflect the aforementioned objectives, especially regarding a women’s quota and the state of their realization. Contact:
11.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Petro Welt Technologies AG |
Kärntner Ring 11-13 | |
1010 Vienna | |
Austria | |
Phone: | +43 1 535 23 20-0 |
Fax: | +43 1 535 23 20-20 |
E-mail: | ir@pewete.com |
Internet: | www.pewete.com |
ISIN: | AT0000A00Y78 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |