Corporate Governance

ADC complies with the Emerging Markets Private Equity Association’s (EMPEA) code of conduct for ethical standards and promotion of responsible investment and with World Bank Group’s guidelines and code of conduct. For each of ADC’s investments, the company aims to ensure that best practices are implemented in all aspects of business dealings including social, environmental, sound corporate governance and transparent accounting practices.

ADC sees private equity as the route for creating world-class businesses in emerging markets and simultaneously helping the private sector to deliver on its responsibility to make a positive contribution to civic society.

ADC does not agree with corrupt practices and will not support it in any way. ADC has the following additional guidelines in place that maximize transparency in all business dealings:

All services provided to ADC by external entities/consultants need to be approved by the CEO as well as a second ADC manager and require a detailed description of each service delivered as well as their related costs
All investments above EUR 500,000 need approval of Management Board Germany, all investments above
EUR 1 million need Supervisory Board approval

At holding level, all contracts need to be dual signatory by the Managing Directors or appointed proxies

ADC and its portfolio companies will comply with all applicable laws, commit to continuous improvements with respect to management of the environment, social matters and governance and work to apply all relevant international best practice standards.

Key behavioral principles of ADC include:

To respect the dignity and well-being of all our people and those with whom the business brings us into contact
To operate professionally in a performance-orientated culture and be committed to continuous improvement
To be open and honest in all our dealings, while respecting commercial and personal confidentiality
To be good corporate citizens, demonstrating integrity in each business and community in which ADC operates

To be objective, consistent and fair with all our stakeholders