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Throughout its history, VEON has been committed to delivering high standards of corporate governance – a commitment that remains firmly in place today.

Our governance structure is designed to promote integrity in everything we do, and we are committed to responsible and effective governance as a core element of our culture.

VEON’s commitment to integrity requires that we remain open and honest with ourselves and our stakeholders.  As a public company listed on NASDAQ in the United States and Euronext Amsterdam in the Netherlands, we are subject to many listing and disclosure requirements.  We submit reports containing important information about our company, its developments and our securities with the U.S. Securities and Exchange Commission. In addition, as a result of our stock exchange listing on Euronext Amsterdam, we are subject to EU reporting requirements, notably the obligation to publish all share price-sensitive information without delay by way of a press release.

Our governance structure reinforces integrity by providing appropriate oversight around the decisions we make and actions we take, and our Supervisory Board plays a key role in our governance structure.  The Supervisory Board has the authority to make strategic decisions for the Group, and the governance authority matrix (contained in the Company bye-laws) requires that the Supervisory Board approve important matters, including, among others, the Group’s annual budget and audited accounts, organizational or reporting changes to the management structure, significant transactions, as well as changes to share capital or other significant actions.  All Supervisory Board members are elected by our shareholders through a cumulative voting process.

The Supervisory Board maintains a number of committees that remain informed on specific topic areas, and make recommendations to the full Supervisory Board. These committees include the Nominating and Corporate Governance Committee, Audit and Risk Committee, Compensation Committee and Finance and Strategy Committee.  The Supervisory Board appoints from among its members the individuals to serve on the committees.

These bodies and other important aspects of our governance framework are described in greater detail in VEON Ltd.’s Annual Report in its Form 20-F

Our Bye-Laws

Our Bye-laws are a fundamental component of our governance that outline our purpose, share structure, managerial bodies, and the rights and responsibilities of our shareholders and directors. 

Our Code of Conduct

Our Code of Conduct is a statement of legal and ethical principles that apply to all VEON companies, operations and employees. It defines our values and what is and is not acceptable in the areas of health, safety and security, how we interact with employees, customers, business partners, competitors, governments and communities, and how our assets and information are used. We have a commitment to integrity, highlighted in our values, and our Code of Conduct represents a commitment to doing what is right. By working for VEON, our employees agree to uphold this commitment and our Code is shared and referred to regularly as a core part of our culture.

In addition to the high standards that we have set for ourselves, we have high expectations for our partners. We seek to work with suppliers who are providing innovative, high quality products and services at competitive prices, and who are committed to making their own operations more sustainable through the management of their environmental, human rights and ethical business performance. These expectations are outlined in our Supplier Code of Conduct

Speak Up

Do you want to raise a concern?

VEON maintains several confidential tools that can be used to raise concerns about potential violations of the law, VEON's Code of Conduct, and/or its policies or procedures. VEON will not tolerate retaliation against any person who is trying to do the right thing by raising a concern. You can speak up by email, online or by phone.If you wish to remain anonymous, you can do so online or by phone.

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