Board of Management and Supervisory Board of a German listed stock corporation shall declare annually that the recommendations of the German Corporate Governance Code Government Commission, as published by the Federal Ministry of Justice and Consumer Protection in the official section of the Federal Gazette, have been and are being complied with or, if not, which recommendations have not been or are not being applied and why. The declaration shall be permanently accessible to the public on the company’s website.
Declarations of Compliance with German Corporate Governance Code
Declaration on Corporate Governance, Corporate Governance Report
German listed stock corporations shall annually execute and publish a declaration on Corporate Governance, parent companies also for the group. Moreover, German Corporate Governance Code recommends that Board of Management and Supervisory Board report annually on Corporate Governance (Corporate Governance Report) and publish this report in connection with the Declaration on Corporate Governance. Daimler AG has combined the Declaration on Corporate Governance for the Company and the Group with the Corporate Governance Report.
For the first time, Daimler is obliged to draw up and disclose a non-financial declaration for the company and the group in the annual management report or a separate non-financial report for the financial year 2017. This should deal with environmental, employee and social issues, as well as with human rights compliance and the fight against corruption and bribery.