Declaration of conformity
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 complies with all recommendations of the DCGK published on Mach 20, 2020, with the exception of the recommendations concerning the remuneration of the executive board (section G.I).
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.