Does salary transparency work in the company?
Does salary transparency work in companies? In its #KEEPSEEK survey on salary transparency, Ketchum Austria quoted a man who said salary is as taboo a subject as sex. And if you believe many psychological studies, then talking openly about it increases the quality of work. The question is, why are so many companies afraid to do this […]
OECD Guidelines on Corporate Governance in State-Owned Enterprises – What are they about?
The economic and social importance of state-owned enterprises has increased significantly in recent years. They now account for 12% of global market capitalization, and their absolute share among the world's 500 largest companies has quadrupled. This weighting underscores the importance of strong corporate governance in these companies. Standards in state-owned enterprises are set by […]
Essay by Ilija Trojanow: Bright Future
The world becomes more beautiful with each day. / One doesn't know what might yet come… / Now everything, everything, must change. Ludwig Uhland. Anyone who proclaims "The future is full of light" these days is met with derisive ridicule. Or accused of mockery. We live in a twilight full of dark forebodings, and the future itself is no longer […]
Edith Hlawati: Anchoring the role of ÖBAG even more firmly in people’s minds
ÖBAG turned five this year. Is that a reason to celebrate? Looking at the results, you can certainly be quite proud. Since our inception, we have paid approximately EUR 5,7 billion in dividends to the budget and increased the value of our portfolio to more than EUR 32 billion.* […]
Corporate Governance Circle: Leading Practice in Supervisory Board Appointment
In 2022, ÖBAG founded the Corporate Governance Circle, a working group consisting of experts from practice and academia, with the goal of supporting ÖBAG in developing cross-investment corporate governance standards. In doing so, ÖBAG is guided by international trends that are to be implemented in the supervisory bodies of its portfolio companies. The aim of this expert group is to […]
Corporate Governance Circle: Guidelines for the appointment of members of the Executive Board
In 2022, ÖBAG founded the Corporate Governance Circle, a working group consisting of experts from practice and academia. This group supports ÖBAG in further enhancing corporate governance in Austria as a business location by developing standards that apply across all its subsidiaries and by observing international trends in order to then implement them in its portfolio companies. The aim of this circle is […]
Interview with ÖBAG CEO Edith Hlawati
The economic policy motto of recent years has been "more government, less private." Is that a good thing? There are times when citizens expect clear leadership from the government. This is the case in times of crisis and with investments in infrastructure that are intended to have an impact for generations. This has been demonstrated in the coronavirus pandemic as well as […]
CSRD Compliance and Climate Standard: This is the Roadmap
The Corporate Sustainability Reporting Directive (CSRD) poses major questions and challenges for many companies. On the one hand, the CSRD requires more companies to report on their sustainability. The first companies must report on the 2024 fiscal year according to the CSRD guidelines as early as 2025. The scope will be expanded in the two subsequent years and will then also apply […]
How can performance be increased for sustainability?
The economy has long been undergoing a shift in perspective, but are we moving fast enough, and are we being accurate? Sustainable corporate management requires multiple approaches, encompassing corporate strategy, business models, and a redefinition of the goals to be achieved. Competitiveness and thus the development and career advancement of executives will depend on this, as will their compensation. A rapid adjustment of bonus systems appears […]
2023: Four ESG priorities for a sustainable and prosperous future
The start of a new year is sometimes accompanied by a look back: We look at what went well and ask ourselves where and how we can improve. Without a doubt, 2022 will go down in history as a year of multiple crises: the consequences of the coronavirus pandemic, the war in Ukraine, and the climate crisis. How can we […]