CORPORATE GOVERNANCE

In line with its listing on the Vienna Stock Exchange since 2002, Atrium has chosen to comply with the Austrian Code of Corporate Governance, which sets out rules and regulations for responsible management and guidance for companies listed in Austria. The Code primarily applies to Austrian stock-market–listed companies that voluntarily agree to adhere to its principles. Atrium has voluntarily submitted to the Code. The Code, which is available on the website of the Austrian Working Group for Corporate Governance (www.corporate-governance.at), obliges Atrium to either comply or explain any deviations from its applicable rules. Explanations and deviations are provided in detail in Atrium’s annual reports.
Jersey law does not provide for a mandatory code of corporate governance but does impose general fiduciary duties and duties of care, diligence and skill on the company’s directors, who are also under statutory obligation to act in good faith and in Atrium’s best interest. Save to the extent agreed with the Jersey Financial Services Commission, Atrium will remain materially compliant with the UK Combined Code, the Corporate Governance Code adopted by the UK Financial Services Authority. Atrium, as a Listed Fund pursuant to Collective Investment Funds (Jersey) Law 1988, is subject to and must comply with the Jersey Codes of Practice for Certified Funds and the Jersey Listed Fund Guide, copies of which are available on the website of the Jersey Financial Services Commission.