Corporate Governance Report

In the following section, the Executive Board and Supervisory Board report on corporate governance at ThyssenKrupp in accordance with section 3.10 of the German Corporate Governance Code. This section also includes the compensation report for the Executive Board.

Further development of corporate governance in the Group

Implementation of the German Corporate Governance Code

Three lines of defense model as framework for Groupwide risk management

Risk management and internal control system

Compliance

Supervisory Board targets for its own composition

Avoiding conflicts of interest

Directors' dealings

Shareholders and Annual General Meeting

Transparency through high-quality information

Deductible in D&O insurance

Accounting and financial statement auditing

Source: Annual Report 2016 / 2017, p. 16-29