Corporate Governance means the responsible and transparent management and supervision of a company in the company’s interest, i.e. under consideration of the needs of its shareholders, employees and other affiliated groups of the company (stakeholders), and with the aim of sustained added value creation. The Government Commission Corporate Governance aims at implementing internationally and nationally recognized standards of a regulatory legal framework of a company’s management and supervision in Germany and by doing this to promote the trust of national and international investors, customers, employees and the general public in the management and supervision of these companies.
The Government Commission German Corporate Governance Codex (Regierungskommission Deutscher Corporate Governance Kodex) published the German Corporate Governance Codex on 26 February 2002. Since then, the Government Commission has followed the development of Corporate Governance in legislation as well as in practice and is verifies at least once a year the necessity of aligning the Codex. The new versions of the German Corporate Governance Codex are published in the German Federal Gazette (Bundesanzeiger) and can be downloaded from the website of the Government Commission German Corporate Governance Codex. You may find the internet link here.
Ströer SE & Co. KGaA welcomes the German Corporate Governance Codex which is presented and regularly updated by the Government Commission. We understand Corporate Governance as a continuous process and we will attentively follow future developments.