German Corporate Governance Code: Management, Supervision & Transparency
Preamble
Preamble: This German Corporate Governance Code (the "Code") presents essential statutory regulations for the management and supervision of German listed companies (governance). The Code clarifies the obligations of the Executive Board and Supervisory Board, in accordance with the principles of the social market economy, to ensure the company's survival and its lasting value.
Shareholders and General Meeting
Shareholders: The shareholders exercise their rights at the AGM and exercise their right to vote. The Board shall submit to the General Meeting the annual accounts and consolidated financial statements. It decides on profit allocation and the discharge of the Executive Board and Supervisory Board, elects the shareholder representatives...