The term Corporate Governance covers a company’s entire system of management and supervision. This includes: organization, corporate principles, policy guidelines, and internal and external steering and monitoring mechanisms.
In accordance with the German Stock Corporation Act (AktG, Section 161), Wacker Chemie AG, as a listed company, is obligated to declare the extent to which the code’s recommendations have been and are being complied with, and to declare those recommendations that have not been or are not being applied (“comply or explain”).