OVB Holding AG

Corporate Governance

Our commitment to value-oriented corporate management

The Executive Board and the Supervisory Board of OVB Holding AG are strongly committed to company management geared towards adding value. We welcome and stand by the standards created by virtue of the German Corporate Governance Code ("GCGC") relating to the management and supervision of listed companies. These standards enhance the transparency and efficiency of company management and instil confidence in international and national investors, clients, financial advisors and employees, and the general public.

The Executive Board and the Supervisory Board alike, ensure that OVB monitors its own Corporate Governance structures throughout the group on a regular basis, developing and refining them continually.

For general information concerning the Corporate Governance Code please visit the website of the Government Commission on the German Corporate Governance Code (www.corporate-governance-code.de).

Corporate Governance

Audit Committee

The Audit Committee was set up effective as of December 8, 2006. The Audit Committee handles, in particular, issues of accounting, risk management and compliance, the necessary independence required of the auditor, the issuing of the audit mandate to the auditor, the determination of auditing focal points and the fee agreement. Since 2009 the interim financial reports will be discussed with the Management Board by the Audit Committee prior to publication.

Members

Dr. Thomas A. Lange (Chairman)
Michael Johnigk
Markus Jost
Dr. Alexander Tourneau

Nomination and Remuneration Committee

The Nomination and Remuneration was set up effective as of July 8, 2010. with the purpose of suggesting suitable candidates for the Supervisory Board’s election proposals to the Annual General Meeting and dealing with the composition of the Executive Board and questions of its members’ remuneration.

Members

Markus Jost (Chairman)
Michael Johnigk

 

Articles of Association of OVB Holding AG

 

 

Directors' Dealings

Upon coming into force of the "Viertes Finanzmarktförderungsgesetz" on July 1, 2002 the members of the Board of Executive Directors (Vorstand) and the Supervisory Board (Aufsichtsrat) of OVB Holding AG have to disclose the purchase or the sale of OVB shares in accordance with Article 15a of the German Securities Trading Act (Wertpapierhandelsgesetz). Following the enactment of the Investor Protection Improvement Act (Anlegerschutzverbesserungsgesetz) on October 30, 2004, these reporting obligations also apply to persons who have regular access to inside information and are authorized to make significant corporate decisions. The reporting obligations further apply to securities dealings by natural persons or legal entities who are closely related to one of the aforementioned persons.

Date of
transaction
Name/reason for 
the disclosure
requirement/
position 
Type of the transaction
(purchase/sale)/description of 
the financial instrument and
ISIN/place (stock exchange)
Number of items/ 
price per item/
currency/total
amount traded
02/12/2009 Jürgen Kotulla
Chief Executive
Manager
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
15,000
Euro 43.00
Euro 645,000.00
02/13/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
5,000
Euro 46.80
Euro 234,000.00
02/16/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
5,000
Euro 47.00
Euro 235,000.00
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
2,000
Euro 46.00
Euro 92,000.00
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
5,000
Euro 45.50
Euro 227,500.00
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
295
Euro 45.40
Euro 13,393.00
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
1,000
Euro 45.60
Euro 45,600.00
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
1,933
Euro 45.1
Euro 88,164.13
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
190
Euro 45.77
Euro 8,696.30
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
1,000
Euro 45.85
Euro 45,850.00
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
80
Euro 45.90
Euro 3,672.00
02/16/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
502
Euro 45.30
Euro 22,740.60
05/14/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
500
Euro 39.70
Euro 19,850.00
05/15/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
500
Euro 39.50
Euro 19,750.00
05/15/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
500
Euro 39.70
Euro 19,850.00
05/182009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
500
Euro 39.70
Euro 19,850.00
05/18/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
500
Euro 39.90
Euro 19,950.00
05/18/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
1,500
Euro 40.00
Euro 60,000.00
05/19/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
500
Euro 40.10
Euro 20,050.00
05/19/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
14,000
Euro 40.00
Euro 560,000.00
05/20/2009 Michael Frahnert
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
3,000
Euro 40.00
Euro 120,000.00
05/28/2009 Oskar Heitz
Executive Board
sale
OVB common share
DE0006286560
Frankfurt (Xetra)
290
Euro 39.00
Euro 11,310.00

 

 

Download Directors Dealings