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Corporate GovernanceResponsibility and Transparency
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.
A key pillar of sustainable business 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.
Adherence to the German Corporate Governance Code
The German Corporate Governance Code (DCGK) aims to promote trust among international and national investors, customers, employees, and the public in the management and oversight of German listed companies. It contains, in the form of recommendations and suggestions, internationally and nationally acknowledged standards for good and responsible corporate governance.
Corporate Governance Documents
Articles of association
Under § 23 of the German Stock Corporation Act (Aktiengesetz), the articles of association of stock corporations may only be amended by resolution of the annual general meeting.
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In addition, the Supervisory Board of thyssenkrupp AG has issued Rules of Procedure for the Executive Board which govern the work of the Executive Board and the distribution of responsibilities. The distribution of responsibilities is specified in more detail in Annex 1 to the Rules of Procedure for the Executive Board.
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The Supervisory Board has also issued rules of procedure for itself and all its committees.
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Under Art. 161 of the Stock Corporation Law (Aktiengesetz) the Executive Board and Supervisory Board of a listed German stock corporation are required to issue an annual declaration stating whether the German Corporate Governance Code (DCGK) has been and is being observed and which of the Code's recommendations have not been or are not being applied and why.
thyssenkrupp AG complies with all recommendations of the German Corporate Governance Code as amended on April 28, 2022 and published by the Federal Ministry of Justice in the official section of the Federal Gazette (“Bundesanzeiger”) on June 27, 2022 and will continue to comply with these recommendations in the future. Furthermore, thyssenkrupp AG has complied with all recommendations of the Code since submitting its last declaration of conformity on October 1, 2025.
In addition to the recommendations, the DCGK contains a number of suggestions for good and responsible corporate governance, compliance with which is not required to be disclosed by law. thyssenkrupp complies with all the suggestions.
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Declarations of conformity 2020 - 2024
Responsible corporate governance is not a formal requirement for thyssenkrupp, but the foundation of sustainable value creation. The corporate governance statement provides a structured overview of the Group's governance structures, principles, and practices. It is jointly owned by the Executive Board and the Supervisory Board.
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Compensation reports for the Executive Board of thyssenkrupp AG
Here you will find the current and previous remuneration reports pursuant to Section 162 of the German Stock Corporation Act (AktG) for current and former members of the Executive Board, along with related explanatory notes.
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Executive Board compensation system
The Executive Board compensation system is a key element in the alignment of the group and plays a major role in promoting business strategy, enhancing operating performance and thus securing the long-term success of the group.
Our goal is to support successful and sustainable corporate management by tying the compensation of Executive Board members to both the short-term and long-term performance of the company. At the same time the selection of suitable performance criteria creates incentives for implementing the strategic realignment of the group.
Voting results Annual general meetings
Here you can find additional information on the voting results from thyssenkrupp AG's Annual general meetings in recent years.