Corporate governance refers to the structures and processes for the direction and control of companies. Good corporate governance helps companies operate more efficiently, improve access to capital, mitigate risk and safeguard against mismanagement. It makes companies more accountable and transparent to investors and gives them the tools to respond to legitimate stakeholder concerns such as sustainable environmental and social development.

A common understanding or uniform definition of corporate governance does not exist anywhere in the world. In Switzerland, the preamble of the Swiss Code of Best Practice for Corporate Governance which has been in place since mid-2002. One of the main corporate entities used in Switzerland for doing business is the Stock corporation (German: Aktiengesellschaft (AG), French: société anonyme (SA), Italian: società anonima (SA)).

The corporate governance of Parsec AG is more than just a technical implementation. Based on the Swiss Code and represent both the code of ethics the code of business conduct and ethics for directors, officers, and employees we persue the highest integrity.

Parsec AG has a Board of Directors, led by our Chairman Gerhard Oehri, and the company is owned inter alia by its employees, providing a diverse and stable shareholder base. The Board of Directors and Executive Partners take care of day-to-day management of the Parsec AG.

Our Board is responsible for the following key aspects:
• the company’s enterprise value and achieving defined corporate objectives
• long-term goals and the strategies
• Risk Management & Compliance
• financial performance
• operations