German Corporate Governance Code

The German Corporate Governance Code specifies significant legal regulations on the management and monitoring of listed German companies and contains numerous internationally and nationally recognised standards on good and responsible company management.

The code was drawn up by the Government Commission responsible for the German Corporate Governance Code and was first published on 26 Februrary 2002. Since then, it has been revised by the Government Commission and amended to comply with the applicable legal framework conditions.

The (Group) declaration of corporate management, which is published on an annual basis by the company on its website in accordance with sections 289f (1), 315d German Commercial Code (HGB), is part of the management report of EnBW Energie Baden-Württemberg AG and the combined management report. The corporate governance report of the Board of Management and Supervisory Board pursuant to section 3.10 German Corporate Governance Code (in the version of 7 February 2017) is integrated into the (Group) declaration of corporate management.

The latest version of the declaration of corporate management including the corporate governance report can be found here.

Further Declarations of corporate management are available in our downloadcentre.

The Management Board and the Supervisory Board of EnBW Energie Baden-Württemberg AG make the annual Declaration of Compliance with the German Corporate Governance Code, in accordance with Section 161 of the German Public Companies Act (AktG).

Below is the current Declaration of Compliance dated 4 December 2019.

Further Declarations of Compliance are available in our downloadcentre.