Investor Relations Corporate Governance
Corporate Governance stands for a process of corporate management and control that adopts an attitude of responsibility while aiming for long-term value creation. Key elements are the efficient collaboration between the Executive Board and the Supervisory Board, the respect for all shareholder interests, and openness and transparency in corporate communications.
With its German Corporate Governance Code, a German government commission has compiled a set of rules which particularly contains recommendations on good corporate governance in terms of ethical behaviour on the part of employees and managers of companies and organisations.
The intention of the German Corporate Governance Code is to make Germany’s corporate governance rules transparent and understandable, with the aim of promoting the trust of investors, customers, employees and the public in the management and monitoring of German listed companies.
The full text of the code and further information about the code can be found HERE.
Each year, freenet AG issues a statement of compliance in which it declares which recommendations of the German Corporate Governance Code it deviated from in the previous year and which recommendations it intends to deviate from in the future.
The German Corporate Governance Code (the “Code”) contains principles, recommendations and suggestions for the Management Board and the Supervisory Board that are intended to ensure that the company is managed in its best interests. The Code highlights the obligation of Management Boards and Supervisory Boards – in line with the principles of the social market economy – to take into account the interests of stakeholders to ensure the continued existence of the enterprise and its sustainable value creation (the enterprise’s best interests). These principles not only require compliance with the law, but also ethically sound and responsible behaviour (the “reputable businessperson” concept, Leitbild des Ehrbaren Kaufmanns).
Through the declaration of conformity pursuant to § 161 AktG, the code has a legal basis. Accordingly, the recommendations and suggestions are not mandatory. However, deviations from the recommendations – not the suggestions – have to be explained and disclosed with the annual declaration of conformity.
DECLARATION OF CONFORMITY 2023 | |
DECLARATION OF CONFORMITY 2022 | |
DECLARATION OF CONFORMITY 2021 | |
DECLARATION OF CONFORMITY 2020 | |
DECLARATION OF CONFORMITY 2019 |
In the Corporate Governance Statement in accordance with sections 289f, 315d HGB, freenet AG displays its Declaration of Compliance in accordance with section 161 of the German Stock Corporation Act (AktG). It also contains disclosures about corporate management practices, working practices of the Executive and Supervisory Board and the composition and working practices of the Supervisory Board’s committees. Furthermore, in the Corporate Governance Statement information can be found regarding the percentage of women in the Executive Board and in the two management tiers below the level of the Executive Board, as well as the targets relating to the composition of the Supervisory Board and the competence profile for the Supervisory Board. Corporate Governance Statements for previous years are published as part of the Group management report in the respective annual report under Publications.
CORPORATE GOVERNANCE STATEMENT 2022 PDF | 1.64 MB | 23/03/2023 |
REMUNERATION REPORT 2022 PDF | 414 KB | 23/03/2023 |
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REMUNERATION REPORT 2021 PDF | 460 KB | 23/03/2022 |
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AUDITOR'S REPORT ON THE REMUNERATION REPORT 2022 PDF | 103 KB | 23/03/2023 |
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AUDITOR'S REPORT ON THE REMUNERATION REPORT 2021 PDF | 75 KB | 23/03/2022 |
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REMUNERATION SYSTEM FOR THE EXECUTIVE BOARD 2022 PDF | 550 KB | 28/03/2022 |
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VOTING RESULTS AGM 2022 (GERMAN ONLY) PDF | 28 KB | 05/05/2022 |
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REMUNERATION SYSTEM FOR THE EXECUTIVE BOARD 2021 PDF | 216 KB | 23/03/2022 |
REMUNERATION SYSTEM FOR THE SUPERVISORY BOARD 2021
PDF | 42 KB| 23/03/2022 |
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VOTING RESULTS AGM 2021 (GERMAN ONLY)
PDF | 24 KB| 23/03/2022 |
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