The area of ​​corporate governance represents a system to steer and supervise the company, while striving for management that is responsible, qualified, transparent and focused on the long-term success of the company and protection of the interests of relevant stakeholders. Generally, it is a set of legal and executive methods and procedures that oblige the company to maintain a balanced relationship between itself and its employees. Corporate governance also defines the distribution of rights and responsibilities between relevant stakeholders, such as shareholders, executive management, corporate bodies, employees and customers.

In the area of ​​ethical standards, Škoda X adheres, among other things, to the relevant recommendations and rules of the Corporate Governance Code, based on the OECD principles. The aim is to further promote transparency and ethical behavior in the business environment through a continuous improvement of internal processes and procedures in accordance with this code.
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Integrity and Compliance
At Škoda X, we believe that only honest and reliable conduct in accordance with the integrity and compliance principles is enabling us to strengthen the trust of employees, customers, shareholders, business partners and the general public as well as to secure company’s sustainable economic success. Therefore, these principles are an integral part of the Next Level - Škoda Strategy 2030 next to the quality of the company’s products, its financial goals and customer satisfaction. They are also taken into account in all our decisions and in all our actions.

However, integrity and compliance principles are not limited to business relationships, they apply to all activities inside and outside the company. With this approach, Škoda X demonstrates that its conduct will comply with legal and internal regulations, ethical and other rules voluntarily adopted by the Volkswagen Group and Škoda X – applying to areas such as, among others, fair competition, finances and tax, prevention of corruption, environmental protection, and relations with employees including the support of equal opportunities, prohibition of discrimination and obliging with human rights.

The Governance, Risk & Compliance department of the parent company Škoda Auto a.s. provides advice on all integrity and compliance issues and raises awareness of its importance among employees as well as third parties through appropriate measures. The following e-mail addresses serve for the needs of the mentioned consultancy: compliance@skoda-auto.cz and integrity@skoda-auto.cz.

‍Code of Conduct
‍The Code of Conduct sums up fundamental principles underlying the conduct of Škoda Auto Group employees and is instrumental in responding to legal and ethical challenges.
The Škoda Group’s reputation is a core value relying on the resolve shown by employees around the world to act in keeping with our Code of Conduct and all laws. The “Code of Conduct at Škoda Auto Group” has become part and parcel of our corporate culture.
Download the Code of Conduct for further information:
English

Czech
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Our whistleblowing systems
At Škoda X, 2 systems for submitting reports are available. Further information about them can be found under the links below:
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Whistleblowing system of Škoda X s.r.o. according to Czech Act No. 171/2023 Coll., on the Protection of Whistleblowers
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Central whistleblowing system of the Volkswagen Group
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Risk Management
It is crucial for the long-term success of Škoda X that it is able to identify, anticipate and manage possible risks and opportunities arising from its activities in a timely manner. The risk management structure at Škoda X is based on the unified risk management principle in the Volkswagen Group, which follows the internationally recognized COSO Enterprise Risk Management Framework standard.

The aim of the risk management system is to identify potential risks at an early stage so that the company can take appropriate countermeasures in a timely manner, prevent potential damage and eliminate any risks that could jeopardize its existence. As the probability and impact of future events are subject to a degree of uncertainty, even the best risk management system cannot anticipate all possible risks, just as the best internal control system cannot fully prevent unforeseen events. On the other hand, changes in the economic and legal environment can lead to opportunities that the company seeks to use to strengthen and further improve its competitive position.