The Board of Directors and the Executive Committee of GF attach great importance to good Corporate Governance in the interest of shareholders, customers, business partners, and employees. The implementation and ongoing improvement of the generally accepted principles of Corporate Governance ensure the necessary transparency to enable investors to judge the quality of the Corporation. Corporate Governance provides information on structures and processes, areas of responsibility and decision-making procedures, control mechanisms, as well as the rights and obligations of the various stakeholders.
In this context, GF’s businesses have a strong focus on corporate responsibility, which includes for example the administration and payment of taxes. GF recognizes that all taxes that GF pays and collects for governments are an integral element of the corporate social responsibility. In particular, GF complies fully with all regulatory obligations and acts in a way that upholds its reputation as a responsible corporate citizen. For further information, see the GF Tax Policy, below.