Annual report 2012

Corporate governance

The key long-term objective of corporate governance of creating long-term shareholder value was achieved by taking into account the principles of the corporate governance policy, comprehensive social responsibility and sustainable development. In doing so, the Group operated for the benefit of employees, the wider community and other stakeholders. We respect valid legislation, the recommendations of the Corporate Governance Code, the Corporate Governance Code for Companies with State Capital Investments and international recommendations such as the OECD Principles of Corporate Governance. The same standards of corporate governance have been introduced at the Group's subsidiaries, in accordance with the valid regulations of individual countries. 

Highlights in 2012


  • Rudolf Skobe, MSc is the new President of Telekom Slovenije’s Management Board since 1 September 2012.
  • At its session of 28 December 2012, the Supervisory Board appointed Mateja Božič, MSc new member of Telekom Slovenije’s Management Board effective 1 January 2013.
  • The Supervisory Board approved the Telekom Slovenije Group’s updated strategic plan for the period 2012 to 2016.
  • Monthly strategic meetings at subsidiaries continued, contributing significantly to the continuous and timely exchange of information between the Management Board of Telekom Slovenije and the management boards of subsidiaries.
  • The Supervisory Board approved a change to the organisational structure of Telekom Slovenije that will result in improved operational efficiency.
  • In addition to access to all General Meeting materials and the live broadcasting of sessions over the internet, recordings of General Meetings will also be available in the future. 

Corporate governance policy

Corporate governance within the Telekom Slovenije Group is based on the principles and guidelines of the Corporate Governance Policy of Telekom Slovenije, d. d., valid since December 2011. In performing their tasks, the Management Board and Supervisory Board took into account the interests of stakeholders and forms of cooperation with them, the policy of linking the parent company and subsidiaries, and the commitments, powers and responsibilities of the Management Board and Supervisory Board. The latter derive from valid legislation and are also defined in the rules of procedure of the Management Board and the Supervisory Board, and the Articles of Association of Telekom Slovenije, d. d. At the beginning of 2013, the Supervisory Board approved new rules of procedure of the Management Board, in which the powers of members of the Management have been redefined. (for more information, click this link).

 

The Corporate Governance Policy and the other documents listed above are accessible at the website www.telekom.si, under the tab Investor relations, Corporate governance.