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Declaration by the Executive and Supervisory Boards of Nemetschek SE on the Recommendations of the Government Commission of the German Corporate Governance Code (Regierungskommission Deutsche Corporate

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What is corporate governance in Germany?

Corporate governance in Germany refers to the set of rules, practices, and processes that guide and control corporations. It encompasses the relationships among the company's management, its board, shareholders, and other stakeholders. The framework aims to enhance accountability, ensure transparency, and foster sustainable business practices.

Who is required to file corporate governance in Germany?

In Germany, publicly traded companies are required to file corporate governance reports. This includes Aktiengesellschaften (AGs) and certain limited liability companies (GmbHs) that meet specific criteria, such as size and shareholder structure.

How to fill out corporate governance in Germany?

Filling out corporate governance reports in Germany typically involves referencing the German Corporate Governance Code. Companies must disclose their governance practices, management structure, and compliance with the code, including explanations for any deviations from its recommendations.

What is the purpose of corporate governance in Germany?

The purpose of corporate governance in Germany is to ensure the efficient management of companies while protecting the interests of shareholders and stakeholders. It aims to enhance transparency, accountability, and the overall integrity of the corporate sector, thereby promoting investor confidence and sustainable economic development.

What information must be reported on corporate governance in Germany?

Companies must report on various aspects of their governance practices, including the composition of the supervisory and management boards, conflicts of interest, remuneration policies, risk management practices, and compliance with the German Corporate Governance Code.

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