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 stockholder interests, openness and transparency of corporate communications are key aspects of good corporate governance.

Commitment

ThyssenKrupp AG is a stock corporation under German law. It is governed by an Executive Board and Supervisory Board. Good corporate governance has always been a high priority for ThyssenKrupp. 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.

Corporate governance at ThyssenKrupp is based on the German Corporate Governance Code, as published by the Government Commission, under the chairmanship of Dr. Gerhard Cromme, on February 26, 2002 and amended most recently on June 18, 2009. The Code is a recognized standard for good corporate governance at German exchange-listed companies. The Executive Board and Supervisory Board of ThyssenKrupp AG last issued an unconditional declaration of conformity in accordance with Art. 161 AktG at October 1, 2009.