Corporate Governance

The term “corporate governance” stands for responsible corporate management and control geared to long-term value creation. Efficient cooperation between Executive Board and Supervisory Board, respect for shareholder interests, openness and transparency of corporate communications are key aspects of good corporate governance.

Commitment

At thyssenkrupp good corporate governance is an issue which embraces all areas of the Group. It promotes the trust of investors, financial markets, business partners, employees, and the general public in the management and oversight of the Company and is essential to the Company's sustainable success. The Executive Board and Supervisory Board regard it as their duty to secure the Company's continued existence and sustainable value creation through responsible corporate governance focused on the long term.

The Executive Board and Supervisory Board work closely together in the interest of the Company. An intensive, continuous dialogue between the two boards is the basis for efficient corporate management. We have enhanced and intensified this dialogue step by step and in accordance with national and international standards.

Our corporate governance is based on the German Corporate Governance Code (DCGK) in the version dated 28 April 2022. Our guidelines comply with the recommendations of the DCGK with the exception of the recommendations on the number of external Supervisory Board mandates (recommendation C.5) and the remuneration of the Executive Board (section G.I). The Executive Board and Supervisory Board of thyssenkrupp AG issued a declaration of conformity in accordance with Art. 161 AktG.