Annual Report 2002

Corporate Governance
This report describes the principles that underlie management
and control at the uppermost echelon of Verwaltungs-
und Privat-Bank AG, Vaduz, in compliance with
Liechtenstein law as well as the Directive Governing
Information on Corporate Governance (DCG) of the SWX
Swiss Exchange that came into force on April 17, 2002.
Unless indicated otherwise, the information included
herein reflects the status as at December 31, 2002.
1. Group structure and shareholders
Verwaltungs- und Privat-Bank AG, Vaduz (hereinafter
‘VP Bank’ or, alternatively, ‘the company’), is constituted as
a joint-stock company under Liechtenstein law and is the
parent company of the VP Bank Group.
1.1 Group structure
The organisation diagram shown on pages 18 and 24
reflects the operative group structure of the VP Bank
Group.
The subsidiaries included in the scope of consolidation,
as well as the entities in which the VP Bank Group holds a
significant financial interest, are listed in the annual report
by name, head office, share capital and percentage ownership
(see page 25).
1.2 Significant shareholders
The following shareholders have reported owning shares
that represent 5 % or more of the voting rights of VP Bank
(qualified shareholders as per Art. 3a lit. h of the FL
Banking Act [BankL]):
Shareholders Total votes Voting rights % ownership of
as % of total total share capital
Stiftung Fürstlicher Kommerzienrat Guido Feger, Vaduz 9,005,000 48.4 15.4
BZ Group Holding AG, Wilen 2,968,706 16.0 34.7
Martin Hilti Familientreuhänderschaft, Schaan 2,118,430 11.4 6.5
annual report 2002 | vp bank | page 27