Corporate Governance Statement

  • The Management and the Supervisory Boards passed the Governance System and Policy of Zavarovalnica Triglav.
  • Changes made to the Supervisory Board and its committees.
  • The subsidiary governance model is adapted to the specificities of the markets and the development of the Company’s market position.

Governance policy 

The Governance System and Policy of Zavarovalnica Triglav, adopted by the Management and Supervisory Boards, define the main guidelines for the governance of the Company, taking into account the set long-term strategic objectives and values. They are the foundation for setting up and implementing a robust and reliable governance system, which is based on an efficient risk management system and enables the implementation of the business strategy of the Company. The document was published on SEOnet, the Ljubljana Stock Exchange information system, and on the official website of Zavarovalnica Triglav d.d. (www.triglav.eu).

Statement of Compliance with the Corporate Governance Code

In its operations, Zavarovalnica Triglav abides by the Corporate Governance Code, which was adopted on 8 December 2009 and is published in Slovene and English on the Ljubljana Stock Exchange websitehttp://www.ljse.si. Zavarovalnica Triglav adheres to all the provisions of the Code.

The Statement of Compliance with the Corporate Governance Code for the period from 1 January 2015 to the day of publication in 2016 is available on SEOnet, the information system of the Ljubljana Stock Exchange, and on the official website of Zavarovalnica Triglav at www.triglav.eu.

In its operations and actions, the Company also observes the principles of the Insurance Code, available on the website of the Slovenian Insurance Association at www.zav-zdruzenje.si.

Moreover, Zavarovalnica Triglav has its own code, available at the Company's official website (www.triglav.eu). This code presents Zavarovalnica Triglav’s fundamental values and principles of operation in order to achieve its business goals, strategic guidelines and competitive advantages in compliance with the law and ethics, while also adhering to the principles and standards of fair and transparent business practices.

Zavarovalnica Triglav took a position on the Corporate Governance Code for Companies with State Capital Investments and the Recommendations and Expectations of Slovenski državni holding d.d. (both documents are available on the website of Slovenski državni holding d.d.,http://www.sdh.si), which is published on the official website of Zavarovalnica Triglav (www.triglav.eu).

Management bodies of Zavarovalnica Triglav

The Company uses a two-tier management system. The management bodies, i.e. the General Meeting of Shareholders, the Management Board and the Supervisory Board, operate in compliance with primary and secondary legislation, the Articles of Association and their own rules of procedure. The Articles of Association are available at www.triglav.eu. 

Two tier governance of Zavarovalnica Triglav