Corporate Governance

Clearly defined lines of responsibility and a high degree of transparency are vital factors in the success of Precious Woods’ efficient business management and strong, responsible corporate culture. We believe that by embracing the principles of corporate responsibility we are benefiting all stakeholder groups of Precious Woods: shareholders, employees, customers, suppliers and communities.

Precious Woods’ Corporate Governance Policy encompasses a range of rules and principles which clearly define duties and responsibilities guarantee open and transparent communication and ensure that the company is managed efficiently and in the best interests of the abovementioned stakeholders. Our transparent and open reporting regarding corporate governance is based on the Corporate Governance guidelines of the SWX Swiss Exchange October 29th, 2008) and explanatory comments.

Since April 2010, Precious Woods has a Business Ethics Guideline, which defines the ethical behaviour of the employees of the entire group. This ethics guideline is currently being introduced in all business units.