Corporate governance

ALTEO’s corporate governance framework

Embedding sustainability principles into corporate-governance practice is a top priority for the ALTEO Group. Shaping leadership mindset and embedding sustainability targets into executive incentive systems represents a significant governance consideration. The company emphasises customer focus, service quality and workplace safety.

In 2023 ALTEO received the EcoVadis Silver rating, placing us in the global top 15% of companies assessed — our environmental performance scored **80/100**. The assessment covers environmental performance, ethics, labour and human rights, and sustainable procurement practices.

The practical framework of the governance pillar is provided by two mutually reinforcing systems: the **integrated management system** (IMS) — which regulates our quality, environmental, occupational-safety and energy-management processes along four international ISO standards — and the **Ethics, Compliance and Control** (ECK) framework, which provides the regulatory conditions for exchange-grade compliance, transparency and misconduct prevention.

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Two regulatory frameworks of the corporate-governance pillar

Together, the integrated management system and the Ethics, Compliance and Control framework ensure that ALTEO meets exchange-grade expectations across every area of operation.

Integrated Management System (IMS)

Four international ISO standards — quality (9001), environment (14001), occupational safety (45001), energy (50001) — in a unified framework, plus ISO 27001 information-security certification. Annual external audits with no major non-conformities.

Ethics, Compliance and Control (ECK)

The compliance programme launched in 2015, the Code of Ethics (2016) and the ECK organisation set up in 2022. Whistleblowing channel under EU Directive 2019/1937, zero-tolerance anti-corruption, information- and data-protection (GDPR) framework.

Compliance framework

Four pillars of exchange-grade operation

ALTEO’s compliance system rests on four mutually reinforcing pillars: stock-exchange compliance, risk management, internal control and independent audit. Together they ensure transparent operation and prevent misconduct.

Exchange-grade compliance

ALTEO Plc.’s Budapest listing creates ongoing disclosure and internal-control expectations. The compliance department reviews every business decision against applicable law and internal policy.

Annual risk assessment

Organisational leaders evaluate procurement, accounting and HR risks annually. Based on the results we define and document corrective actions.

Continuous monitoring

The internal control system handles information and cyber security, GDPR compliance and physical security in a unified framework. An annual certificate attests to the integrity of our accounting system.

Independent auditor

Independent auditor appointment is mandatory by law. The auditor examines the financial statements prepared under the Accounting Act and confirms that they give a reliable and true picture of the Company’s position.

Corporate-governance bodies and documents

The institutional framework of the governance pillar — the composition, rules of procedure and operating rules of the Board of Directors, Supervisory Board, Audit Committee, Green Committee and Executive Board — and the related main documents (Articles of Association, rules of procedure, Responsible Corporate Governance Report) are presented in detail on ALTEO Plc.’s corporate-governance page.

Corporate governance

Bodies and documents

Board of Directors, Supervisory Board, Audit Committee, Green Committee and Executive Board — composition, rules of procedure, Responsible Corporate Governance Report.

Corporate governance page Key documents

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Bodies