The configuration and division of labour of our management and controlling bodies, is based on recognised frameworks and applicable regulatory codes such as, in particular, the Swiss Code of Best Practice for Corporate Governance, the guidelines regarding information on corporate governance of the SIX Swiss Exchange (Directive on Corporate Governance, DCG), the ‘Corporate governance - insurers’ circular of the Swiss Financial Market Supervi sory Authority (FINMA), the Ordinance against Excessive Remuneration in Listed Companies Limited by Shares (ERCO) and the FINMA circular ‘Remuneration schemes’, and report on them transparently in our annual financial report.