2. A clear governance model established

We have implemented a clear, neatly structured governance model for UNIQA. This strengthens our competitiveness and increases the company value. The UNIQA governance model approved in September 2012 clarifies the tasks and responsibilities of the primary interest groups in the company and sets out strategic and operational company development. Primary interest groups are defined as shareholders, the Management Board as the company management and the Supervisory Board as the controlling body. For all three groups, we have introduced rules to preventnegative developments in the company, to accelerate decision-making procedures, and to enhance transparency.

The most important changes in detail:

The Supervisory Board decided to restructure its three committees – the Audit Committee, the Investment Committee and the Staff Committee. The entire Supervisory Board is clearly focussed on the strategic orientation of the Group. Since the start of 2013, the core topics at the holding company are directed by four operationally oriented committees: Risk, Asset Liability Management, Equity Holdings & Real Estate and IT & Operations.

The new governance model

© UNIQA Group 2013