Corporate Governance

In fall 2012, Austria’s federal government passed a public corporate governance code (Bundes Public Corporate Governance Kodex – B-PCGK), which the OeNB and its subsidiaries will need to implement. Many provisions contained in this code have already been implemented in the Federal Act on the Oesterreichische Nationalbank. Next to national legislation, the OeNB must also comply with international laws, rules and directives, in particular with the Statute of the European System of Central Banks and of the European Central Bank, and other legal provisions applicable to central banks.