Main shareholder: The Principality of Liechtenstein
On 22 November 2011, the Liechtenstein Government as representative of our majority shareholder, the Principality of Liechtenstein, adopted an investment strategy for Liechtensteinische Landesbank AG. With this, the Government implemented the law concerning the control and supervision of public companies (ÖUSG), which came into force on 1 January 2010. The strategy defines how the Principality intends to use its majority equity stake in the medium and long term. This also gives minority shareholders certainty in planning. Drawing on Art. 15 of the Corporate Governance Law, the investment strategy was decided upon after consultation with the Board of Directors of LLB.
The Liechtenstein Government explicitly supports the stock exchange listing of LLB and maintains its majority stake of at least 51 percent. The Government represents the shareholder interests of the Principality at the General Meeting of Shareholders pursuant to the rights afforded to it by stock corporation law. The Government observes corporate autonomy as well as the rights and obligations resulting from the stock exchange listing. At the same time, as a shareholder, the Government also respects the decision-making authority of the Board of Directors regarding corporate strategy and corporate policy.