FAQs

Governance

The system by which the undertaking is directed and controlled in the interests of shareholders and other stakeholders. Governance involves a set of relationships between the undertaking’s management, its board, its shareholders, and other stakeholders. Governance provides the structure and processes through which the objectives of the undertaking are set, progress against performance is monitored, and results are evaluated. The term ‘governance bodies’ refers to the administrative, management and supervisory bodies with the highest decision-making authority in the undertaking.

Source: ESRS 2 General disclosures